We are pleased to present below all posts tagged with 'pension income'. If you still can't find what you are looking for, try using the search box.
When you start drawing income from your pension for the first time, you might encounter what is known as 'emergency tax'. This often unexpected tax deduction can come as a surprise to many retirees. This blog aims to explain why emergency tax is applied to initial pension withdrawals, its impact on your finances, and how to manage or reclaim any overpaid tax. Understanding this aspect of pension income is crucial for effective retirement planning and financial management.
Popular tags: retirement planning, independent financial adviser, wealth management, pension income
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Note: This page is for information purposes only and should not be considered as financial advice. Always consult an Independent Financial Adviser for personalised financial advice tailored to your individual circumstances.