helping my elderly parents get their affairs in order, spurred on by recent health diagnosis.
Own their home, 100,000 in a bank account, 40,000 in a pension pot.
1. State pension question… is this means tested? Will the 100,000 in a bank account mean they cannot get the state pension?
2. Private pension…How much can you withdraw from their own pension pot annually without paying tax on it?
Own their home, 100,000 in a bank account, 40,000 in a pension pot.
1. State pension question… is this means tested? Will the 100,000 in a bank account mean they cannot get the state pension?
2. Private pension…How much can you withdraw from their own pension pot annually without paying tax on it?