Friday, March 28, 2014

£1,500 windfall for over-60s thanks to loophole in new pension laws

Loophole affects all pensioners with at least £8,000 to cash in
Pension pot of £8,000 earns Government top-up of £2,000 tax relief
If you withdraw it instantly, after tax, you take home £8,500
You can repeat the process three times, earning £1,500 in total
Top-rate taxpayers could earn double, a...
£1,500 windfall for over-60s thanks to loophole in new pension laws

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