
How to get money out of your pension: Avoid the tax trap, annuities, drawdown, the 25% tax-free lump sum & more
The Martin Lewis Podcast
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Maximizing Pension Contributions and Tax Management
The chapter delves into strategies for optimizing pension contributions based on earnings through utilizing carry forward options and clarifying the annual maximum allowance of £60,000. It also touches on tax implications of irregular pension fund access, gifting pension pots to spouses for tax benefits, and alternative ways to support someone else's pension contributions.
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