Three Small Pension Pot Tax Mistakes You Need to Avoid

I’m a pension expert with a £300,000 pot – here are my golden rules for saving

Kirsty Ross has been working in the pensions industry for 15 years but says pension experts have the same fears and anxieties as everyone else

Three small pension pot tax mistakes you need to avoid

Are you planning to take advantage of the small pension pot rule and cash in some of your retirement savings? If so, be careful: one wrong move could mean paying too much tax upfront, or limiting how much you can save later. With the cost of living squeezing many households across the UK, it can be tempting to use old or forgotten workplace pension pots to cover bills, debts or short-term pressures. According to the Financial Conduct Authority (…