pension freedoms

Pension freedoms tax trap catches out up to 150,000 each quarter - here's how to claim your money back

Just 12,600 pension tax claim forms were completed in the first three months of 2019, but official figures suggest the actual number of those that have been overtaxed is much higher.

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Over-55 pension savers overtaxed by £400 million - here's how to avoid being stung

The number of pension savers being hit with a tax bill on pension lump sum withdrawals has continued to grow.

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Pension withdrawals hit a record low as over-55s show 'restraint' amid struggling stock markets

Over-55s have taken progressively less and less money via pension freedoms, and new HMRC figures show withdrawals have reached a record low.

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HMRC repays £334m in overpaid tax since pension freedoms launch

HMRC has repaid £334 million in overpaid tax to over-55s since the introduction of the pension freedoms in April 2015.

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Retirees risk running out of cash by ignoring market volatility

Retirees could be jeopardising their pension income and run the risk of outliving their money if they fail to consider the impact of market volatility on their savings.

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About to retire? It’s time to make the most of your pension freedoms

Until April 2015, retirees faced a fairly stark choice with their pensions. The majority turned their lifetime savings into an income for life by buying an annuity.

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Beware of emergency tax codes on pension withdrawals

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

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Five-year pension ‘wake up’ packs launched by Royal London

Savers with a Royal London pension will now receive information packs about their pension five years ahead of their chosen retirement date.

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Your top 10 pensions questions answered

From tax-free cash to allowances, transfers and annuities, we tackle your top 10 questions on the current pension rules and what they mean for your income options in retirement

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Pension freedom withdrawals rise

A total of £6.5 billion was withdrawn through the pension freedoms in 2017, official figures show. 

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