BBC Money Box Programme

Dalartokat · Post by **Dalartokat** » Sat 07 Mar 2015 6:03 pm

For those interest, you may not be surprised that this week is again about Pensions in the way of Pension Liberation Tax Demands, but I hope none of you are involved in what is about to be revealed on this episode. Also about Charity Donation Websites and Smart Meters.

http://www.bbc.co.uk/programmes/b054gnrk

Steve C · Post by **Steve C** » Sun 08 Mar 2015 8:13 am

Thanks for the link to this interesting article. People need to be made aware of the "pensions freedom" from the 6th April.
It would be very wise if not essential to seek financial advise for anyone over the age of 55 years who is thinking of taking their pension in cash. You can end up paying a great deal of tax as any cash taken is liable for tax after the first 25%.

Dalartokat · Post by **Dalartokat** » Sun 08 Mar 2015 8:36 am

....and also use the right people to give you the advice. Early days regarding all this and there will be sad stories no doubt in the future.