Tax Free Cash

What To Do With Your Pension Tax Free Cash Lump Sum

If you have pension savings, it is likely that you can take some tax free cash out of the pot.

The amount that you can ‘withdraw’ depends on a number of things. Mainly, the type of pension that you have and the Inland Revenue rules attached.

Typically you can withdraw 25% of your pension savings as cash. In certain circumstances the tax free cash may be more than 25%.

So, what are your plans with the cash, if you decide to take it – which many people do. You’ll probably be looking at least one of the following.

Spend It

A new car? A holiday of a lifetime? Clear some debts? A gift for your children?

Save It

Put it in a high interest account as savings or use it to top your income.

Invest It

If you decide that you wish to invest it, we can help you by offering advice and also by arranging your investment for you.

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