Pension savers across Britain will be relieved to know the much-loved pension tax-free lump sum has survived another Budget, following rumours that it could be reduced, or even removed altogether.
Now that its immediate future has been confirmed, anyone considering a tax-free withdrawal – or those who’ve already taken the money and aren’t sure what to do with it – should give some serious consideration to their spending plans.
While the “wisest” option will be different for everyone, Telegraph Money looks at some of the most common ways to use this cash, and reveals which ones actually pay off in the long run.
Read the full article to get Harry’s advice here.