Latest / Leeds News Today | 2 Min News | The Daily News Now!
Merge Your Pensions Wisely | Leeds News
If you’re earning over ten thousand pounds and are over twenty-two, automatic enrollment means you’re automatically in a pension scheme when you start a new job—but switching jobs can leave you with multiple, messy pension pots. Merging them could simplify your finances, slash high fees, and boost long-term savings, but beware: cashing out small pots under ten grand lets you take 25% tax-free, with the rest taxed as income—unlike traditional rules that restrict future contributions. Older plans often cost more, so switching to cheaper options could add thousands over time. But don’t jump in…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.