Since pension freedom reforms were introduced in 2015, HMRC slaps extra tax on any initial sum taken from a fund on the assumption it could be 'month one' of a series over the rest of a tax year.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.