The Budget and Pensions
The most recent changes brought about by the budget and change in UK pension laws.
How has the UK budget affected pensions?
Funds withdrawn after the tax free 25% lump sum can be subject to UK tax laws and percentage thresholds.
If you take your entire pension pot, remember that only 25% of that is tax free.
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Retirement options should never be decided on a whim, they deserve careful consideration. We believe that all our customers should receive the same service and options that we ourselves want in our retirement. If you’re unsure about what is right for you, or you simply want further information to help you make the right decision please talk to us.