There are ways to make withdrawing your retirement savings more tax-efficient, and it’s possible to spread your withdrawals over many years, which can be more efficient.
Taking just one option at retirement, such as cash or an annuity, could mean you miss out on an opportunity to maximise tax efficiency and consider your financial needs in the future.
We have produced a helpful guide on how to avoid becoming one of Britain’s biggest taxpayers, which you can download below:
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