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Pitfalls in drawing income from offshore pension plans

Pitfalls in drawing income from offshore pension plans

Having saved for most of their life to amass an income to use in retirement, most people get to a certain age and start to think about drawing on those financial reserves as they wind down from the daily grind. When that money is held in an international pension plan the key question is how to start to draw down the income without incurring the wrath of the tax authorities. Please link to International Adviser to read the full article by Mark Lindsay.

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