Individual lump sums (UFPLS) are another way to take money out of your pension. In this case, you take your money in chunks. Each withdrawal is up to 25% tax free. The remaining 75% is taxed as income.
The maximum tax-free cash you can take from all your pensions is £268,275.
When withdrawing from your pension it's important to plan long term, so you have enough to last you through retirement.
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