![UK households taking pension out 'as lump sum' face having £7,000 wiped from pot](https://cdn.newsserve.net/ONPglobe256.png)
UK households taking pension out 'as lump sum' face having £7,000 wiped from pot
60 per cent of pension pots are taking in one go as a cash lump sum but retirement data from the Financial Conduct Authority (FCA) has warned people may be being pushed into higher tax brackets as a result.
Full Article