Savers planning to make ad-hoc pension withdrawals in the new tax year could face being overtaxed by thousands of pounds, AJ Bell has warned.
According to the group, those who are overtaxed may have to wait at least 12 months to claim back their money or could need to contact HM Revenue & Customs (HMRC) to ask for it back. The problem can...
For a long time, the road to retirement followed a familiar path. Individuals saved up for a pension during their working life in order to retire at a set age; usually around 65. This path has shifted, however.
Only one in ten opt for an annuity
Scheme pays or not scheme pays?
Regulator 'follows not leads'
6.4% of over 80s saving for end of life needs
Maximum 30% of redress
Staff can come in if they wish
Two-day remote learning sessions