_bitesize-retirement-faqs-how-much-can-i-take-as-a-tax-free-lump-sum.jpg "Bitesize Retirement FAQs: How much can I take as a tax-free lump sum? from free car tax check Video Screenshot Preview")
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⏲ Duration: 40 sec
✓ Published: 12-Nov-2018
✓ Published: 12-Nov-2018
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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
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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