Tax-free Cash

The maximum tax free cash is normally 25% of your fund. In rare circumstances it may be more than this. Part of our service is to find out if this is the case. We also find out if you have a guaranteed annuity rate or any other benefits of which you should be aware.

If you decide to take tax free cash it is yours to spend as you wish. Even if you don’t need the cash, we would discuss the tax position of taking a higher pension income. There are arrangements such as purchased life annuities that might give you a higher net income overall. We can compare these for you.

You might also consider investing in Individual Savings Accounts (ISA’s) which allow you to take an income without having to pay tax. National Savings and Investments (NSI) have a range of tax-free, low-risk products.