• Tax free lump sum

    Defined Benefits Scheme

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Not sure what pension you are in?

You’re allowed to exchange part of your pension for a lump sum payment – under current regulations this lump sum would be tax-free. This is normally 25% of the total value of your pension (up to a maximum of £268,275) but could be higher if you have a protected tax free cash amount. Your administrator can advise you of your tax free amount.

© Copyright - Barnett Waddingham
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