Finance News

Pension UK: How to reduce your tax costs through withdrawal plans and redundancy payments

PENSION funding, management and withdrawals are all areas of financial planning that should be given the utmost care, especially given the costs involved if things go wrong. The importance of this has been highlighted recently as the FCA revealed pension withdrawals have rose at record levels, especially for people who are 55 and therefore just qualify for drawdowns. Daily Express :: Finance Feed

Pension withdrawals rise by 6% among over 55s – warning issued over future of pension pots

PENSION pots can be accessed from the age of 55 under current rules and savers have many methods available to them in how they can withdraw funds. Generally, while people have the freedom to access their private plans however they wish, guidance on this usually details caution should be heeded as long term goals can be jeopardised by short term actions, with new data raising alarm bells on this. Daily… Read More »Pension withdrawals rise by 6% among over 55s – warning issued over future of pension pots