@martinlewismse: Near retirement? There’s a huge tax trap to avoid when withdrawing from a pension. This is my simple video analogy but always get 1-on-1 free guidance from PensionWise first. This is just a titbit, watch my full Pension special on ITVX

Martin Lewis
Martin Lewis
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Region: GB
Wednesday 29 January 2025 16:59:15 GMT
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zyban78
Chris :
Should all be tax free
2025-01-30 09:19:08
105
malik26677
Malik26 :
Invest money in alternatives Property Land Bullion abroad etc
2025-04-24 10:15:38
0
caramella7777
Caramella :
the UK government are the biggest con ever. it's our money that we already paid tax on!
2025-01-29 20:40:50
836
had6224
Debbie Hadley :
taking mine, my mum died at 57 and didn't get to enjoy hers - I've worked since I was 16 - 55 next year & I'm going in spending spree.
2025-01-29 20:05:27
372
dora.d000
Teddy :
Soon we’ll be taxed to breathe 😞
2025-01-29 21:08:06
309
glr77
Gavo :
I don't agree with having to pay tax on a pension you have paid into yourself out of money which has already been taxed in a personal pension
2025-01-29 18:39:07
87
tiktokhypezr
user2276888471774 :
Pensions are such a con.
2025-01-29 17:22:53
40
gliv.mate
gliv :
Martin I'm not gonna hold out that long
2025-01-31 20:06:15
1
copyrighsince84
Random :
Father in law died a wealthy man, saved and penny pinched. Died just 18 months after retirement, never got a chance to enjoy it. Spend it while you have your health.
2025-01-29 18:06:51
751
rig_and_tig_golf
rig and tig golf :
Shouldn’t have to pay tax on pensions full stop. Paid tax all ur life on the money that earned you a pension then tax you again. In other words double tax
2025-01-29 18:44:26
245
noholdenback1
Austin Holden :
why should you pay tax on your pension, earning in mind the money you put in was originally taxed
2025-01-29 19:17:14
452
patsywhite1111
Meep :
I love this man. He’s dedicated his life to help prevent us from corporate exploitation
2025-01-30 02:47:41
87
s.brown.kawasaki1000
Steve brown :
just don't pay into pension just save it all cash 😉 give them nowt
2025-01-29 21:15:42
5
rosswatt1
rosswatt1 :
Pensions are a massive scam
2025-01-29 22:42:40
228
vyolance
Jack Bradley :
Only oxygen and sunlight left to tax 🙄
2025-01-29 17:43:08
101
emd4571
Emd90 :
so if someone is due to retire in the next 2/3 years. is it worth them taking a percentage of tax free now?
2025-03-05 09:37:36
1
saraloufromant
sara :
My friend took her money out of her nest pension at 67 they took £800 straight away taxed her on it and she has been paying emergency tax for a year because of it 😡
2025-05-01 06:31:03
0
jobcentreplus2025
Jobcentreplus :
Why we paying Tax When we already paid Tax!!!!!!
2025-01-30 00:59:09
30
donger84
donger :
it's so scary that so many people on tictok have not the 1st clue on pensions. YOU ONLY PAY TAX ONCE
2025-01-30 00:35:22
15
aakash64698
aakash64698 :
If you take 25% of the full pension pot at the age of 57 and then a drawdown at 67. What happens to the rest of your pension pot? Is it no longer invested and frozen in terms of value?
2025-03-10 16:58:54
0
william444440
william444440 :
pensions are getting worse and worse is there any other solution I might opt out
2025-01-30 05:10:38
3
faye_lorna
Faye :
Most people die long before they use all their pension so make sure you name a beneficacy which is not covered in your will ( private pensions).
2025-02-18 20:44:16
1
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