Soon we’ll not be supporting this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

How much tax-free cash can I take?

You can normally take up to 25% of the amount you use for drawdown as tax-free cash. This will be paid as a lump sum when you apply.

For example, if you had a pension worth £100,000 and you decided to use it all to move into drawdown, your tax-free lump sum could be up to £25,000. If you decided to only use £40,000 of that pension to move into drawdown, you could have up to £10,000 paid as a tax-free lump sum.

Still need help?

Contact us

Email us