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Inherited pension and 25% cash free lump sum
Ecee76
Posts: 7 Forumite
Hello
if I have inherited a DC pension from my father (who was over 75 when he died) and I want to take some of the money out, do I benefit from 25% tax free (assuming he didn’t take this already) as I would with my own pension.
if I have inherited a DC pension from my father (who was over 75 when he died) and I want to take some of the money out, do I benefit from 25% tax free (assuming he didn’t take this already) as I would with my own pension.
Thanks for any advice.
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Comments
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No. There's no 25% tax free on an inherited pension.Ecee76 said:Hello
if I have inherited a DC pension from my father (who was over 75 when he died) and I want to take some of the money out, do I benefit from 25% tax free (assuming he didn’t take this already) as I would with my own pension.Thanks for any advice.Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!1 -
Thank you!0
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