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 four 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.