When you access your pension pot, you’re normally able to take up to 25% of it as a tax-free lump sum (limited to a lifetime maximum of £268,275 unless you hold protection for a higher amount).
Also known as Pension commencement lump sum (PCLS).
When you access your pension pot, you’re normally able to take up to 25% of it as a tax-free lump sum (limited to a lifetime maximum of £268,275 unless you hold protection for a higher amount).
Also known as Pension commencement lump sum (PCLS).