Should I take pension

jem16

hayleydaley wrote: »

Just to make sure so after the 6th april I can take lump sums from all of the above pensions without any come back from the tax man

You can certainly take 25% from each pension tax-free.

As to a lump sum - if you mean the whole pension then yes after April 6th you can do that with 2 of your pensions which appear to be defined Contribution pots but they would be liable to tax on 75% of them - could be a lot of tax!

However you cannot do that with your Final Salary pension as the new rules do not count with defined Benefit pensions. From that pension you will be able to take up to 25% tax-free and the rest as a monthly pension. Depending on the scheme rules it may not even be sensible to take any lump sum if it gives a bigger pension.