Pension tax-free lump sum warning as early withdrawal could cost savers £63,000
NegativeFinancial Markets

A recent warning highlights that early withdrawal from pension funds could lead to a staggering loss of £63,000 for savers. This financial hit is compounded by the potential for income tax on funds deposited into cash savings accounts, making it crucial for individuals to carefully consider their options before accessing their pensions early. Understanding these implications is vital for anyone looking to secure their financial future.
— via World Pulse Now AI Editorial System
