Tax fears reportedly drive 70% surge in pension withdrawals
Sky News reports withdrawals jumped before Labour's first budget, then again after an announcement that unused pension funds and death benefits would become subject to inheritance tax.
TLDR
Sky News reports a 70% surge in pension withdrawals, attributing the rise to tax fears. It says withdrawals jumped ahead of Labour's first budget and again after an announcement that unused pension funds and death benefits would be subject to inheritance tax.
Tax fears reportedly drive 70% surge in pension withdrawals
Sky News reports withdrawals jumped before Labour's first budget, then again after an announcement that unused pension funds and death benefits would become subject to inheritance tax.
TLDR
Sky News reports a 70% surge in pension withdrawals, attributing the rise to tax fears. It says withdrawals jumped ahead of Labour's first budget and again after an announcement that unused pension funds and death benefits would be subject to inheritance tax.