Thousands of savers taking tax-free lump sums ahead of retirement are at risk of a pensions shortfall in later life due to neglecting their remaining pot, Zurich has warned.
When savers reach the age of 55, under Freedom and Choice, they can take some or all of their pension pot as a cash lump sum. The first 25% of this is tax free cash. If savers take the 25% tax-f...
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