Beware of emergency tax codes on pension withdrawals

Beware of emergency tax codes on pension withdrawals

Beware of emergency tax codes on pension withdrawals
Rachel Lacey
Mon, 05/18/2020 – 09:44

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Over-55s planning to make an ad hoc withdrawal from their pension are being warned that they could be stung with an even heftier tax bill than they had expected.

Under current rules, the first 25% of so-called uncrystallised fund pension lump sum withdrawals are paid tax free and the…

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