State pensioners have been urged to use one simple trick when withdrawing from their pension (Image: Peter Dazeley via Getty Images)

State pensioners have been urged to use one simple trick when withdrawing from their pension pot for the first time. Those considering retirement should ensure they're properly prepared, according to personal finance experts.

This is Money has revealed a crucial tip that pensioners need to know about, warning they must avoid a tax trap when first accessing their pension.

This is Money explains: "For those starting drawdown at retirement, there is a way to avoid being put on a scary emergency tax code and paying an unnecessarily large amount of tax on your first bit of income.

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