Money Minder UK

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Is taking tax-free cash allowances putting some retirements at risk? #TipTuesday

In Brief: Is taking tax-free cash allowances putting some retirements at risk? #TipTuesday

Tuesday, 18 January 2022

A new study has identified that Britain’s future pensioners are putting their retirement future at risk by withdrawing cash from their pension pots while still in the accumulation phase[1]. The findings were that some people are confusing their pension pots for savings accounts, which may have a detrimental impact on their retirement.

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