Savers warned about pension withdrawals
The Herald
|October 22, 2025
SAVERS, particularly those over the age of 55, have been warned not to jump the gun on their private pension withdrawals.
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Taking money out of these accounts can sometimes trigger a tax bill depending on how much you take and what other earnings you have, but the first 25% can be withdrawn tax-free as a lump sum, usually from the age of 55. However, this doesn’t automatically mean it's the be
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