Pensioners are being urged to take action or risk losing thousands of pounds ahead of the new tax year which begins tomorrow (Wednesday, April 6).
With pension seen as a vital part of retirement solution, every penny counts when planning for the end of your working life, so here are some actions Britons can take, reports My London.
A key way to save is on your pension, which will underpin your retirement. Tom Selby, head of retirement policy at AJ Bell, said: “The end of the tax year is a natural time for people to check they are making use of their annual tax allowances before they expire on April 5, and they shouldn’t forget their pension when doing this.
