Village of ChelfordChelford VillageVillage of Chelford
Chelford Village
Wed 21st Feb 2018Chelford Village weather - Patchy rain possiblePatchy rain possible 8°C
HMRC

Done Out Of Your Pension?

Home » Newsroom » Done Out Of Your Pension?

HMRC have advised that from April 2015, people over the age of 55 will be given the flexibility of taking a number of smaller lump sum pension pots. 25% of the sum will be tax-free, with the remaining pension fund charged at marginal rate of income tax.

If you take out money from your pension fund before the age of 55, the normal tax rules apply. We are concerned that fraudsters will take advantage of these rule changes by offering to invest pensions on the victim's behalf. Be very wary of such offers.

Avoid losing your hard-earned cash:
Do not invest with companies which cold call you, offering extremely high returns. If it sounds too good to be true, it probably is.
Seek financial advice from the Citizens Advice Bureau, who work alongside the Treasury delivering the 'Pension Wise' service. Further information can be found here.
If you wish to invest your savings in a company, please ensure you seek advice from an FCA registered and authorised advisor
Be aware of callers offering a free pension review service by phone call, email and text message and do not invest in unregulated markets such as overseas property developments, storage units or forestry.

editor's pickAlso in the news

Spring station 4
Chelford Webteam: 21/12/2017

Norther Rail's Christmas and New Service information can be found by http://www.nationalrail.co.uk/service_disruptions/108559.aspx.11(clicking...

bored santa
Chelford Webteam: 21/12/2017

Here's a guide to some entertainment etc. over the festive period. Click to see what's onCurzon cinema, Knutsford https://www.cineworld.co.uk/cinemas/di...

33632_Difference_between_santa_and_a_burglar
Chelford Webteam: 18/12/2017

Here are some top tips to keep you and your presents safe this Christmas:1. Ensure windows and doors are locked and secure2. Store presents out of sight3. Switch lights on when you are out4. Avoid advertising your...

© 2007 - 2018 Chelford Village Community Website