Clients with adjusted income of over £150,000 in 2016/7 will have a reduced Annual Allowance (AA) for pension savings.
Read more about Tapering annual allowance and transitional arrangements
All current Pension Input Periods (PIPs) will end on 5 April, and future PIPs will coincide with the tax year.
Everyone has a total AA of £80,000 for PIPs ending in 2015/16, plus any available carry forward from the 2012/13, 2013/14 and 2014/15 tax years.
Read more about Carry forward and the tapered annual-allowance
The Lifetime Allowance (LTA) is once again being reduced, this time to £1m. Fixed Protection is available at the current level of £1.25m providing no further contributions are made, or Individual Protection for those with funds above the new LTA but less than the existing level.
Read more about Lifetime-allowance
This is the biggie. At the time of writing, popular opinion seems to be leaning towards a flat rate of relief for pension contributions, however the Treasury's consultation ranged from the status quo to turning the relief structure on its head, from EET to TEE and they say that no absolute decision has been made yet.
Even if the result were to be a flat rate of relief, a number of questions remain - what would the rate be? how would employer contributions work? what about final salary? - to name a few.
Well OK we do know that the desired result is a more cost-effective advice service for those with smaller savings, but the problem has been around for a while and no one has sorted it yet.
Technology will undoubtedly play a part and we have been told that a return to some form of commission may be an option.
Royal London will, as ever, keep you up to date via our plain-English articles as and when the changes occur.
Watch this space.
Fiona joined the life and pensions industry in 1989. She is a Fellow of the Personal Finance Society, an Associate of the Chartered Insurance Institute and is currently Vice-President of The Insurance Society of Edinburgh. Fiona specialises in the areas of at retirement planning and pensions and divorce.