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SIPP Lump Sum @ 50
sabelu
Posts: 1,183 Forumite
I have a SIPP and understand can withdraw tax free lump sum @ 50 (16/9/2009). Just creep in before 55 increase I believe. Between what dates will I be eligible?
It pays to challenge
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I believe at 5th April 2010 (end of 2009-10 tax year) the pension rules change so that you then have to be 55 years of age to take your TAX FREE sum and start drawdown or take an annuity.THE NUMBER is how much you need to live comfortably: very IMPORTANT as part 1 of Retirement Planning. (Average response to my thread is £26k pa)0
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