Bitesize Retirement FAQs: How much can I take as a tax-free lump sum? from free car tax check Watch Video
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Description: Depending on the type of pension you have, you can take out a tax-free cash lump sum which is exactly what it says on the tin - tax free!nIf you have a defined contribution pension then you can usually take up to 25% of your pot tax free but this can vary depending on the type of pension so if you’re not sure then check with your pension provider.nWhat you do with your tax-free cash is entirely up to you.You could spend some of it or you might want to save or invest it for the future.nnA
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