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Tthisismoney.co.uk on 2017-05-04 08:53

How do you avoid a 40% tax hit when taking a large amount of money from your pension pot? Steve Webb replies

Ex-Pensions Minister Steve Webb is This Is Money's Agony Uncle. This week, why might HMRC overtax you at 40% instead of 20% on pension withdrawals, ...

Steve Webb

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TShould I cash in a £12,500 pension pot, buy an annuity or keep it invested? Steve Webb replies thisismoney.co.uk
United Kingdom
TI've got £213,000 in my pension pot, what do I need to do before I hit 75? STEVE WEBB replies thisismoney.co.uk
TI take £3k a year from my £50k pension pot - should I buy an annuity? Steve Webb replies thisismoney.co.uk
TMy state pension forecast says I'm due full £155, but surely it's wrong because I contracted out? Steve Webb replies thisismoney.co.uk
TWhy is my wife's 25% tax-free pension lump sum deal so miserly, and mine more generous? Steve Webb replies thisismoney.co.uk
TI'm terminally ill at 60, but due a full state pension - will it just be lost now? Steve Webb replies thisismoney.co.uk
TWhy is my friend getting a bigger state pension when he was contracted out much longer than me? Steve Webb replies thisismoney.co.uk
TI have more than £1m in my pension pot and my scheme says I can retire from age 50 - but isn't the minimum age 55? Steve Webb replies thisismoney.co.uk
TI'm a widow with young twins who inherited a £148,000 pension pot after my husband died, but it's down 18% - what should I do? Steve Webb replies thisismoney.co.uk
TShould my pub cleaner friend paid cash 'off the books' become self-employed to pay NI towards a state pension? Steve Webb replies thisismoney.co.uk
TI'm trying to buy an annuity with a £55k pension pot and was gobsmacked to find my broker gets a £1,155 commission: Is this right or fair? Steve Webb replies thisismoney.co.uk
TWhy does the Pension Protection Fund only give pensioners a 2.5% raise? Steve Webb replies thisismoney.co.uk
TWill my final salary pension be affected by the coronavirus crisis? Steve Webb replies thisismoney.co.uk
TCan I claim my deceased husband's state pension 15 years after he died? Steve Webb replies thisismoney.co.uk
THow many NI qualifying years are enough to get a full state pension? Steve Webb replies thisismoney.co.uk
TCan I top up my state pension AFTER I retire? Steve Webb replies thisismoney.co.uk
TMy mum might be due more state pension - but will she lose pension credit? Steve Webb replies thisismoney.co.uk
TMy employer has handed my final salary pension to an insurer - how safe is it now? Steve Webb replies thisismoney.co.uk
TCan I stop an old financial adviser taking £60 a month from my pension? STEVE WEBB replies thisismoney.co.uk
TDWP says my dad who died at 100 was underpaid state pension for 20 years: Steve Webb replies thisismoney.co.uk