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Pension warning: Retirees paid £87.2million tax after withdrawing pension pots in full
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GB News
Pension warning: Retirees paid £87.2million tax after withdrawing pension pots in full
British pensioners who withdrew their retirement savings in a single lump sum paid a combined £87.2million in tax over six months, according to new analysis.
The figures, covering October 2024 to March 2025, were more than 20 per cent higher than during the same period a year earlier.
The analysis, based on Financial Conduct Authority data and carried out by Standard Life, highlights the tax costs associated with c…
26 Jul, 11:36