Tag: avoid paying tax
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Is the 25% Tax-Free Pension Lump Sum Under Threat? What UK Savers Need to Know
In the UK, retirees have traditionally enjoyed the benefit of withdrawing 25% of their pension savings tax-free. However, with changes unfolding in pension legislation and mounting financial pressures on the government, many are beginning to ask: is the 25% tax-free pension lump sum under threat? This article takes a closer look at what’s currently known,…
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How to Avoid Paying Tax on Your Pension?
Why I Started Planning My Pension Withdrawals Strategically When I first started drawing my pension, I thought it would be a straightforward process — get my money, enjoy retirement, and relax. But the reality was more complicated. I quickly learned that if I wasn’t careful, I could lose a significant chunk of my retirement income…