Savers are typically told to beware that HMRC will look askance if they transfer out of a final salary pension while in poor health and die in two years, and could decide to levy inheritance tax.
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Savers who were set to retire may have had to reconsider as pension pots saw their worst quarterly performance on record in the first three months of 2020.
It is very refreshing for me to see reader questions every week and be reminded of the features of the pension system which people regularly find confusing, says the former Pensions Minister.
