Pension tax-free cash:
5 common pitfalls and how to avoid them
When releasing your tax-free cash from your pension, there are a number of common pitfalls. So, we’ve put together a guide that includes our top tips for avoiding these pitfalls and making the most of your hard-earned money.
What’s in the guide?
In this guide you’ll discover how to avoid:
- Leaving yourself short in retirmenet
- Getting an unexpected bill from the taxman
- The downfalls of opting out of a defined benefit scheme
- The issues of transferring your savings to an ISA or bank account
- Getting caught by a scam
Important note: taking money from your pension early can leave you with less to live on later in life