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Cummuting pension to lump sum
MMCC
Posts: 6 Forumite
I am about to retire with a pension and lump sum. Pension about £26000 and lump sum of £71,000. I can commute a max of about £5000 creating an additional tax free lump sum of £60,000. My instinct is to go for the maximum lump sum commutation but I would appreciate some advice/views on this. I have the option of commuting any pension amount up to the max of about £5000. Some expert or experienced advice would be much appreciated.
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