as the 'pension commencement lump sum' this is the amount of cash you
are able to take tax free when you take your pension benefits. In most
cases the maximum amount you are able to take from a personal pension
scheme is 25% of the fund value.
more cash you take the lower your annuity income will be.
You do not
have to take any tax free cash from your pension and we are happy to
quote for a number of different scenarios.
if you are not sure what is the best option for you we would recommend
you seek professional financial advice.