Martin Lewis has issued a stern warning to pension savers, who could be left out of pocket if they don't pay heed to the tax policy when withdrawing their funds ...
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Mr Lewis was speaking out about the changes which were brought in by then-chancellor George Osborne, a Conservative Party chancellor, to allow people to take money out from the age of 55 back in 2014.
Money saving expert Martin Lewis has delivered a stark caution on ITV, highlighting that a grave blunder could be made by pension savers paying hefty tax by withdrawing their funds too early.
People accessing their pension funds and drawing out cash could be making a big mistake and paying far too much to HMRC ...
It can be difficult to decide how much money to put into a pension. Mr Lewis gives his rule of thumb: “Take the age you start a pension and halve it. Then aim to put this per cent of your pre-tax ...
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