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Pension contributions for non earners

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  • 1spiral
    1spiral Posts: 373 Forumite
    100 Posts Second Anniversary Name Dropper
    Thank you all for your comments. I have just gone to make my "deposit" but am confused by this statement in the declaration
    " I won’t be able to cash-in, assign or take as a lump sum, any pension bought by my plan except as allowed by Part 4 of the Finance Act 2004 (as amended)."
    Anyone got any idea what this means? I'm assuming it means after a pension plan is bought it cannot be cashed in and is therefore not applicable to me at the moment as my plan is to drawdown.
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