Wednesday, 20 March 2013 13:57

What happens when I 'cash in' my pension fund?

Written by 
Rate this item
(0 votes)

You can normally take up to a quarter of your savings as a tax-free cash sum. The rest is used to buy you an income in retirement, called an annuity.

Read 43528 times
Published in Pension Q&A
Super User

Latest from Super User

More in this category: « Are there any risks I need to know about? What is the earliest I can retire? »
back to top

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

Jonathan Hales

Independant Financial Advisor

This email address is being protected from spambots. You need JavaScript enabled to view it.

T: 01795 477744

M: 07886 516087