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Tax free cash
Abuzz55
Posts: 1 Newbie
I have a pension was approx £130K and 4 years ago I took 25% tax free cash from it and reinvested the balance in a pension scheme with Aegon. I have another pension apprx £16K and am being made redundant shortly and will have another pension approx £4K with my present employer. I want to amalgamate them all and possibly look at retiring early early, will I only be able to take 25% tax fee cash on the 2 smaller pensions or will I be able to take 25% of the combined figure?
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will I only be able to take 25% tax fee cash on the 2 smaller pensions or will I be able to take 25% of the combined figure?
lower amount. Your total combined pot will be made up of crystallised benefits and uncrystalised benefits. Only the uncrystalised can be used for a further 25% lump sumI am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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