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