UK’s Richest Retirees Earning $3.9 Million Annually From Their Pensions, Lose Half on Taxes
Britain's richest retirees are earning as much as $3.9 million annually from their pensions, but nearly half of that is being lost to taxes, according to recent data. HM Revenue & Customs revealed that around 39,000 pensioners in the 2023-24 tax year withdrew taxable pension incomes of at least $64,960....