Don't ignore A-Day next April, warns Midlands accountants Bentley Jennison.
The proposed changes in pension rules will have a major impact on almost everyone, irrespective of their current situation.
The firm believes there are significant opportunities available before April 6, 2006, both for high earners who are affected by the new allowances, and for the majority of pensions scheme members and employees who can benefit from the new relaxations.
One of the main changes will see people able to invest in property through a property pension fund.
Bentley Jennison is holding a series of workshops around the UK including one at its Birmingham office on November 29.
Tax partner Chris Cummings said: "One of the main changes involves the ability of an individual to control the investment policy of funds held by a pension plan. Specifically such investment policies can include the purchase by the pension of domestic properties."
And he joked: "In my house, my wife wants me to buy a second home in the Cotswolds, my eldest daughter wants somewhere to live in at university whilst my youngest daughter wants me to buy a property in Disneyland!"
He added: "Now is the time to focus on what the changes really mean, how they will actually affect you and most importantly, not lose sight of how they integrate with your long term financial planning.
"We will cover this in our workshops from both a financial planning and tax perspective, with senior representatives there to answers questions. Whether you already have a pension or intend to have one, A-Day could dramatically affect your plans for retirement so it is clear that everyone needs to address the issue sooner rather than later."