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    Glengowrie
    New Tax Year - any benefit in waiting
    • #1
    • 21st Mar 14, 12:07 PM
    New Tax Year - any benefit in waiting 21st Mar 14 at 12:07 PM
    I have a small stakeholder pension with Legal & General (about 7500). I am no longer working and am a non taxpayer. Under the new rules announced in the Budget I think I can cash this small pension in full and with no tax liability. My last annual benefit statement dated May 2013 showed the plan value at 5 April 2013, so I assume I will get another statement soon showing value to 5 April 2014. Is there any benefit or disadvantage in waiting till the next statement before applying to cash in the pension?
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