Tom Selby: ‘Unretiring’ savers must beware pension tax traps

Tom Selby: 'Unretiring' savers must beware pension tax traps

Tom Selby: "Pension freedom has created a new dynamic where people are more likely to continue working while drawing from their retirement fund." The idea that retirement means stopping working altogether has become deeply ingrained in the UK but, writes Tom Selby, this is starting to change – with some important ramifications for those planning to ‘unretire’

While nobody could claim the UK’s pension system is straightforward, the way people have approached the transition from working to retirement has historically been relatively simple.

The predominance of defined benefit (DB) meant the structure of most people’s pension encouraged them to stop working […]

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