In our weekly series , readers can email any question about their finances, to be answered by our expert, Rosie Hooper. Rosie is a chartered financial planner at Quilter Cheviot Financial Planning and has worked in financial services for 25 years. If you have a question for her, email us at money@inews.co.uk

Question: I’ve been contacted by HMRC who has told me I owe tax on my savings for previous years and that it will take this money from my pension if I do nothing. Is it best to pay it all in one go or to have it taken out of my income as they say? I owe £600 so it would be £50 a month for a year.

Answer: It is understandably unsettling to get a letter from HMRC saying you owe tax on your savings. But these letters are not accusations or penalties, they are part of a la

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