Pension income: Seek advice and shop around or risk losing out!

Pension income: Seek advice and shop around or risk losing out!

Two years since the pension freedoms launch in April 2015 and over £9.2 billion has been released according to figures published by HMRC .

Drawing money from your pension pot is a seemingly attractive option, giving the freedom to withdraw
either some or all of your fund as a cash lump sum, however you see fit.
See also: Why you shouldn’t ignore the workplace pension See also: Millions working into old age because they don’t pay into pensions Although, it is important that you consider the tax implications of this option. Typically 25% of any withdrawal will be tax-free […]

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