Warning for anyone aged over 55 who could be owed £3,000 tax back – are you one of them?
analysis at Hargreaves Lansdown said it is "shocking that this issue has not been dealt with".
Flexible pension access lets you draw down a portion of your retirement savings - while leaving the rest to continue gaining interest. If you withdraw a big amount as a one off, you would be put on an emergency tax code and be taxed as though that will be your regular income throughout the year.
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