3 Big Pension Mistakes to Avoid! | Essential Advice for Your Retirement
Accessing your pension is a huge financial decision, but many people make costly mistakes by going it alone. In this video, I’ll break down the 3 biggest mistakes people make when withdrawing from their pension without taking financial advice - and how to avoid them.
From poor tax planning to triggering the Money Purchase Annual Allowance (MPAA), I’ll explain the risks that could cost you thousands of pounds or leave you with less flexibility in retirement.
🚨 Did you know that pension withdrawals jumped by nearly 20% last year, but fewer people are seeking advice? 🚨 Let’s make sure you’re not one of them!
👨💼 As a financial planner specialising in retirement planning, I’m here to help you make informed decisions, protect your retirement income, and avoid the common pitfalls that can derail your future.
In this video, I cover:
1. How poor tax planning can cost you big.
2. The risks of triggering the MPAA and limiting future pension contributions.
3. Why withdrawing too much too soon could drain your pension faster than you think.
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Have questions or want to learn more? Drop them in the comments below!
Thank you for your continued trust in Gardner Financial Management, and we look forward to supporting you in the years ahead!
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