One in 10 will cash in pension pot in one go - Prudential
20% will risk avoidable tax bills
Prudential research suggests a fifth of people retiring this year risk avoidable tax bills by taking out more than the tax-free 25% limit on withdrawals
One in ten (10%) of those planning to retire this year expect to withdraw their entire pension savings as one lump sum, according to research by Prudential.
The research also suggested a fifth (20%) of people retiring this year would risk avoidable tax bills by taking out more than the tax-free 25% limit on withdrawals. The study found such people were...
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