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Daily Archives: September 17, 2020

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Pension Awareness Week – Thursday: Taking Benefits From Your Pension

Westerby NewsBy Westerby GroupSeptember 17, 2020

When you come to take benefits from a pension scheme it is usual to take or receive a tax free cash sum income as follows: A tax free lump sum or Pension Commencement lump sum. This is usually up to 25% of the fund value (this is different for final salary schemes). You might use…

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