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How much tax free cash could you take?
You can generally take up to 25% of your pension pot as a tax-free lump sum.
The amount of tax-free cash that you can take may fluctuate depending on your circumstances. Typically, you are able to take up to 25% of your savings as a tax-free lump sum. However, under the Lump Sum Allowance rule, you are limited to a maximum of £268,275 of tax-free cash across all pensions unless you hold some form of protection that entitles you to a higher amount.
Withdrawing cash from your fund could potentially reduce your future pension income. Please note this information is based on our current understanding of tax legislation, which may change.
