Taking Stock of the Pension PotSHARE prices in Britain, the U.S. and Europe have reached record highs in recent months. So the value of many personal pension plans is also likely to be close to an all-time high. But what happens if the stock market drops?
you take a tax-free cash lump sum and put your pension pot into a flexi-access drawdown scheme but don’t take any income from it; or you cash in small pension pots valued at less than £10,000. If you exceed the annual allowance in a year, you won’t receive tax relief on any...