Martin Lewis warns of a tax trap that could cost you £10,000s off your pension

Martin Lewis explained that there are a couple of ways to withdraw money from your pension pot - but one method is likely to see you charged much more in tax. He used his Swiss roll versus a cake, plus a pot of jam, analogy to help people understand.

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Clip taken from The Martin Lewis Money Show on Thursday 18 February with the kind permission of ITV Studios. All rights reserved

Видео Martin Lewis warns of a tax trap that could cost you £10,000s off your pension канала MoneySavingExpert.com