Flexible lump sums

I’m over 55 and want to take a lump sum from my pension pot to give to my children now. Can I do this?

Yes – you can do this, but we recommend that you seek financial advice about any inheritance tax implications. You …

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If I decide to access my pension pot, will my state benefits or housing benefits be affected?

The amount of money that you take from your pension pot could affect any state or housing benefits that you’re …

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How do I query the tax I’ve paid on my lump sum?

If you have any queries about the tax you’ve paid, or if you think you have paid too much tax, …

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Is taking my whole pot as a lump sum right for me?

We can’t provide you with advice on this matter. Pension Wise can give you guidance on your options or you …

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How will accessing my pension pot affect my means-tested benefits?

Withdrawals from your pot may have implications on your entitlement to means-tested benefits. There are rules around how your withdrawals …

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