
Retirement•
HMRC Confirms No Reversal on Pension Lump Sum Withdrawals
HMRC is set to confirm that pension savers cannot reverse tax-free lump sum withdrawals, ending a 30-day cooling-off period option amid a surge in withdrawals.
Grace Holloway is a personal finance correspondent for Wealtoro, specializing in UK pensions, tax policy, and retirement planning. She covers how regulatory and economic changes affect individual savers.