Retirement
HMRC refunds £835m in overpaid tax on pension withdrawals
But advisory firm believes total is likely to be in ‘excess of £1bn’
Brits have £1trn more wealth in pensions than property
London is the only place in the UK which recorded the opposite trend
Savers turn to properties to fund retirement
‘Significant increase in house prices’ to make strategy ‘more commonplace’
Double tax whammy risk for big pension withdrawals
As 61% of retirees accessed their pots without financial advice
Pension system changes leave women with no inheritance rights
‘Complexities’ mean that couples ‘should be encouraged to start making considerations as early as possible’