2015 Pension Rules Changes - free factsheet
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Take your whole pension as a lump sum and other changes explained
This factsheet reveals:
- How to take a whole pension as a lump sum
- How to take the tax-free cash
- How to pass on a pension tax-free
- The changes still to come and when they will happen
- What the drawbacks are
Plus, changes announced in summer 2015:
- New opportunity to invest more this year and get extra tax relief
- Why some high earners can invest just £10,000 from next year
The most radical changes to pensions in almost a century
Our factsheet is based on our current understanding of the rules. It is a broad summary and cannot cover every nuance. You should not take, or refrain from taking, any action based on this information. Tax treatment can change and depends on your individual circumstances.
Please remember, taking money out of a pension will impact standards of living in retirement. This information, like our service is not personal advice. If you are unsure an investment is right for you, contact us and we can put you in touch with an adviser. The value of investments can fall as well as rise so you may get back less than you invest.