VIDEO - Take a Tax Free Lump Sum from your Pension without taking an income
If you have asked your pension company if you can take a lump sum without having to take an income they may have said No ! but as our video below explains, that isn't the whole picture.
While your particualr pension policy may not allow you to do this, it is perfectly legal for somebody aged 55 or over in the UK, to take a lump sum. The solution is to use an income drawdown policy as discussed in the video below.
See how you can take a Tax Free Lump Sum from your pension.
For more information on just taking a Tax Free Lump Sum from your pension and leavinf the income until you are older or retire click here.