Pensions | Yahoo Finance UK (original) (raw)

Should I take my pension tax-free lump sum before the Budget?

The tax-free pension lump sum is a key feature of retirement planning for millions of people who are budgeting for their future. If you are aged 55 or over, you are entitled to take up to 25pc of your private pension as a tax-free lump sum up to a maximum of £268,275.