You can only take one withdrawal per tax month from your flexi-access drawdown account. No charges are currently applied for taking lump sums from your pension pot. However, the right is reserved to impose charges for taking more than 4 lump sums in a tax year from The People’s Pension. You would be notified in advance if any such charges were to be introduced.

Find out more about taking your tax-free cash up front with The People’s Pension