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- WHY TAKING YOUR PENSION TAX-FREE LUMP SUM COULD LEAVE YOU £1,S WORSE OFF | THIS IS MONEY
- YOU CAN CHANGE YOUR COOKIE SETTINGS AT ANY TIME.
- YOUR ANNUAL PENSION IS REDUCED TO PROVIDE A LARGER LUMP SUM.
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Disclaimer: This calculator has been produced for illustrative purposes only to show how exchanging pension for lump sum works in the Local Government Pension Scheme LGPS for employees in England and Wales. The calculator does not take into account any money paid into an in-house AVC account. Ataca y la alemana dating divas.
When you draw benefits from your pension scheme, you can normally receive some of the benefit as a tax-free cash lump sum. When you can start drawing benefits from your pension scheme, you may be able to take part or all of your pension benefits as a tax-free cash lump sum called the pension commencement lump sum PCLS. In certain circumstances, some people may be able to receive more than this.
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