Tax Free Cash

Also known 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.

The 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.

As always if you are not sure what is the best option for you we would recommend you seek professional financial advice.

Moneyworld is a trading name of Jeff Ludgate Ltd, authorised and regulated by the Financial Conduct Authority.
Registered company number 2193788. Registered address 1-4 Argyll Street, London, W1F 7LD.

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