Prudential sounds emergency tax warning on pension pot withdrawals
The majority of people accessing their pensions for the first time will be overpaying tax, particularly if they withdraw large sums of cash, Prudential head of business development Vince Smith-Hughes has warned.
People rushing to draw large chunks of money from their pension pots from April 6 will likely fall into the tax office's emergency tax code because providers will not yet have obtained their normal income...
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