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Pensioners can't reverse tax-free lump sum withdrawals, despite budget fears.
Pensioners who quickly withdrew up to 25% of their pension pots tax-free before the budget now cannot reverse their decisions, according to HMRC.
Despite fears of rule changes, Chancellor Rachel Reeves kept the current rules, allowing tax-free withdrawals up to £268,275.
HMRC states that the tax-free lump sums cannot be returned, and providers are advised not to allow refunds, potentially leading to additional charges for some savers.
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Los pensionistas no pueden revertir los retiros de sumas globales libres de impuestos, a pesar de los temores presupuestarios.