Beware this trap if you cash in your pension: Why 350,000 over-55s risk their tax-free savings allowance being slashed - Ros Altmann
Ros Altmann

  • ROS ALTMANN

    Ros is a leading authority on later life issues, including pensions,
    social care and retirement policy. Numerous major awards have recognised
    her work to demystify finance and make pensions work better for people.
    She was the UK Pensions Minister from 2015 – 16 and is a member
    of the House of Lords where she sits as Baroness Altmann of Tottenham.

    • Ros Altmann

    Ros Altmann

    Ros Altmann

    Beware this trap if you cash in your pension: Why 350,000 over-55s risk their tax-free savings allowance being slashed

    Beware this trap if you cash in your pension: Why 350,000 over-55s risk their tax-free savings allowance being slashed

    ThisIsMoney website quotes Ros warning that people returning to work after using their pension fund to tide over a period of caring or illness might find they go over the Money Purchase Annual Allowance if paying over £4000 into a pension – beware hidden tax trap. (link to pdf)

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