Don’t Take Your Tax-Free Lump Sum Based on Rumour

In this short episode, Adrian Murphy, CEO of Murphy Wealth, explains why acting on rumours about tax-free lump sums can be risky.

There’s a lot of chatter about tax-free lump sums being cut or disappearing altogether in the next Budget, and it’s causing panic. Some people are rushing to take as much as they can from their pensions 'just in case'.

But once you take that money out, you can’t simply put it back. And acting too quickly could damage your retirement plan.

Rumours aren’t a reason to make life-changing financial decisions. Even if rules do change, it rarely happens overnight and good advice will help you navigate them safely.

This content is not financial advice. For guidance tailored to your unique needs and goals, please consult a qualified financial advisor.

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