The world of accountancy is far more exciting than pensions, after all how many actuaries work for accountants.

Pensions are a useful planning tool. Deferring taxation on income which does not have an immediate life expenditure need and allowing (virtually) gross rollup in the meantime was such a generous measure that there is now a Lifetime limit of £1.75m (rising to £1.8m in 2010).

Self Administered Pension Schemes are the only way to obtain Corporation Tax Relief on Commercial Property investment. The changes to connected party rules in April 2006 now mean that a property owned by a director can be sold to the pension scheme and vice-versa.

Clients reaching retirement age no longer have to retire to draw pension and lump sum benefits and the myriad of alternatives mean wide ranging guidance is often required.