There are many factors to consider when approaching taxes in retirement. One important subject is what to do with your 25% tax-free pension withdrawal(s). For some people, it can be more tax-efficient to make gradual withdrawals rather than taking a single lump sum. Flexible Access Drawdown gives you more flexibility over your withdrawals (and, therefore, your tax rates). However, it may provide less financial stability than the regular income from an annuity.
How can I keep taxes down in retirement?
Posted by
Jordan Hoyland
1 min read
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