Tag: tax free lump sum
State pension delay could give savers seven more years of retirement fund
The first 25 per cent of your pension can be taken out tax-free as a lump sum, but this doesn’t make it the best choice for some people, experts have warned …
Pension savers urged to avoid 1 mistake before November 26 or face ‘nasty shock’
Pensioners are being urged to not do this one costly mistake before November 26. …
People with pensions urged to avoid ‘knee-jerk’ mistake that could cost retirement
Finance experts are warning people not to act on ‘speculation alone’ in the run up to the autumn Budget …
People born in 1970 urged to avoid new tax charge this year
Experts are telling people wanting to access their pension this year that frozen tax thresholds may result in an unwanted bill from HMRC. …
Finance expert warns mistake at 55 could leave retirees ‘running out of cash in old age’
Short-term tax-savings could be leading people to make a major mistake just before they retire …
HMRC warns Brits trying to fix pension mistake ‘it cannot be undone’
HMRC has warned savers that they can’t reverse some of the preventative steps they took ahead of the Budget …
SPECIAL REPORT: 3 ways Labour will tax your pensions in Budget – and how to fight back now
The first Labour Budget in 14 years is just over two weeks away and taxpayers fear Chancellor Rachel Reeves is ready to do her worst. …
Every state pensioner could lose £268,725 tax free allowance from October
State pensioners face losing an allowance if Labour wields the axe in its ‘painful’ Budget in October. …
