You can usually take up to 25% of the amount built up in any pension as a tax-free lump sum. The most you can take is £268,275. If you hold a protected ...

You can normally take 25% tax-free cash from their pension savings (up to £286,275). Anything left over will be taxed - just as if you'd earned it from a job.

Lump sum allowance for large pension pots. Since 6 April 2024, the lump sum allowance (LSA) limits the tax-free cash you can get from your pension to £268,275.

You can also take smaller sums as cash whenever you need to. 25% of your total pension pot will be tax-free. You'll pay tax on the rest as if it were income.

6 апр. 2024 г. · You can take up to 25% as a lump sum without paying tax, and will be charged at your usual rate for any subsequent withdrawals.

8 апр. 2024 г. · Tax-free cash: You can generally withdraw the first 25% of your pension as a tax-free lump sum.

11 апр. 2024 г. · If you are 55 or over and have a defined contribution pension, you usually can start making pension withdrawals. Sometimes you can do this before age 55.

Yes, you can withdraw money from your pension pot before you're 55, but only if you have severe health problems or work in certain kinds of job.

You can still take 25% tax-free on any lump sum withdrawals from your uncrystallised pension pot, providing this is within your lump sum allowance.

6 апр. 2024 г. · Our Pension Calculator can help you calculate how much you can realistically afford to withdraw. Speak to your pension provider for more ...