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Tuesday, March 12, 2019

Pension unlocking

Treasury enjoying a tax bonanza from pension withdrawals

You can use your pension pot(s) if you’re 55 or over and have a pension based on how much has been paid into your pot (a ‘defined contribution
scheme’).

Whether you plan to retire fully, to cut back your hours gradually or to carry on working for longer, you can now decide when and how you use your pension and when you stop saving into it to fit with your particular retirement journey.