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Tax Free lump sum
kammx4
Posts: 44 Forumite
HI do i have to use a company to take a tax free lump sum out of my pension pot or will my pension provider do this for me. IF not ant recommendations on who's genuine please?. Many thanks for any replies.
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HI do i have to use a company to take a tax free lump sum out of my pension pot or will my pension provider do this for me.The pension needs to support income drawdown. If it doesn't you will need to transfer the pension to one that does.
I 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.1 -
Best idea is to read the providers website and/or give them a call.0
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