If you use your savings for a flexible lump sum payment (UFPLS) with us:

• You’d lose this higher entitlement as the maximum PCLS (tax-free cash) amount for a flexible lump sum payment is 25%.

If you use your savings for flexi-access drawdown with us:

• You’d keep your higher tax-free cash entitlement of more than 25% of your pot.

Find out more about these two different ways of taking your pension pot a bit at a time

This is a complex subject and we recommend that you discuss your situation with a financial adviser.

Find out about your guidance and advice options