Early flexible pension withdrawals & the emergency tax headache

Being able to flexibly access your pension savings can be an incredibly valuable benefit in these challenging times. But making ad-hoc pension withdrawals will typically result in an overpayment of tax which needs to be reclaimed from HMRC.

This video explains how the emergency tax month 1 rule works and how it’s applied to ad-hoc pension withdrawals.

The Money Purchase Annual Allowance (MPAA) explained:    • The MPAA (Money Purchase Annual Allow...   The Pension Annual Allowance explained:    • The Pension Annual Allowance explaine...  

You may enjoy other videos in the pensions playlist -    • Pensions  

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