Drawdown disaster warning as simple pension withdrawal error triggers £27,400 tax charge

 Daily Express :: Finance Feed

​Savers are free to make pension withdrawals from the age of 55 but many end up with a huge tax bill by making one simple error. It could eat up almost half of their retirement savings. 

Savers are free to make pension withdrawals from the age of 55 but many end up with a huge tax bill by making one simple error. It could eat up almost half of their retirement savings.