You’re allowed to exchange part of your pension for a lump sum payment – under current regulations this lump sum would be tax-free. The maximum you’re allowed to exchange is normally 25% of the total value of your pension.
You’re allowed to exchange part of your pension for a lump sum payment – under current regulations this lump sum would be tax-free. The maximum you’re allowed to exchange is normally 25% of the total value of your pension.