Should You Take Your Tax Free 25% Pension Lump Sum at 55?

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If you’re approaching retirement and you are 55 or over, the current pension rules state that you can get access to 25% of your pension pot tax free. So the question is, should you be doing it? Should you take 25% of the total value of your pension as a lump sum, without paying any tax?

In this video I will explain the pros and cons of taking tax free cash from your defined contribution pension.

Other videos you might be interested in:
👉 Taxation of flexible pension income -    • Taxation of flexible pension income  
👉 The minimum pension age will definitely increase to 57 by 2028 -    • The minimum pension age will definite...  

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This video is for information and entertainment only. Nothing on this channel constitutes financial advice. Please do not make any decisions based on the contents of my videos; seek professional independent financial advice first!