Raiding your pension early: the traps that cost you
Taking pension cash in your fifties sounds great until HMRC shows up. Here’s how the access age, tax-free lump sum and 40% or 45% tax can shrink your retirement.
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Taking pension cash in your fifties sounds great until HMRC shows up. Here’s how the access age, tax-free lump sum and 40% or 45% tax can shrink your retirement.
Retiring early is easy. Staying retired is the hard part. These are the tax, timing and State Pension traps that drain a pot faster than you planned.
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