‘Labour made me raid my pension in a panic – now I can't reverse my decision' [Yahoo! Finance]
Aegon Ltd. New York Registry Shares (AEG)
US:NYSE Investor Relations:
aegon.com/investors
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Source: Yahoo! Finance
The 56-year-old had read that Labour was considering cutting the tax-free lump sum – the amount savers can take from their pension pots tax-free – to a third of its current value. Julia, an actor and former City worker, felt she was left with no choice but to withdraw £138,000 from two of her personal pensions. She had never previously taken a tax-free lump sum from her pension. It is a decision she has come to regret as she faces a bureaucratic nightmare trying to reverse the decision – since it became clear the Government was leaving the lump sum untouched. She told The Telegraph: “I wanted to take the cash as I thought I might not ever get this chance again. There was nothing in particular I wanted to use the money for – I live a very simple life.” Julia took £104,000 from Aviva, and £34,000 from Aegon – but both providers have refused to allow her to reverse the decision. She had read online this would be a straightforward decision. But, while most financial firms offer
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AEG
Sec Filings
- 12/16/24 - Form 6-K
- 12/11/24 - Form 6-K
- 11/15/24 - Form 6-K
- AEG's page on the SEC website