People living on the state pension face a squeeze this year followed by a big rise to pensions in 2023 and 2024. The state pension will rise by just 3.1% this April, less than half the rate of inflation. There will be no extra help for pensioners during the cost of living crisis, wit...
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But financial advice firm NFU Mutual said many people may not be aware of rules limiting the amount they can pay into their pension after they have started taking withdrawals. Over-55s can withdraw up to 25% of their pot tax free but if they take out even £1 of taxable incom...