Money expert Martin Lewis has issued a “tax warning” to pension savers, giving advice that could help hold on to tens of thousands of pounds.Most personal pensions will set an age when you can start ...
Defined contribution pensions take contributions from both employer and employee and invest them to provide a pot of money at retirement. Unless you work in the public sector, they have now mostly ...
With either option, it would mean that the remainder of your pension pot (which isn’t tax-free) would be taxed at the point you access the money, which may be after you have moved down a tax band.