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The Pros & cons of Pension Drawdown ( with tax example) #ukpensions #pension #retirement
Thinking about pension drawdown? Here’s the truth: £10,000 doesn’t always mean £10,000. With drawdown you can: • Take 25% tax-free • Pay income tax on the rest depending on your tax band 👉 Which means £10,000 could leave you with £10k, £8.5k, or as little as £7k. Drawdown gives you flexibility and control, but it also comes ...
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