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Archive: May 2015

Pension freedom - taking the money

From April 2015 these new flexible rules make it possible to take money purchase pension benefits, if you are aged 55 or over, as almost any mix of lump sum and income. A maximum of 25% of your pension can be taken tax-free. You can take it all immediately or the first 25% of each withdrawal can be tax free.

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12 May 15
Steven Greenwood, Director, Cassons Financial Planning Limited