You’ll be asked 20 questions to assess your knowledge of retirement planning.

What is a cash lump sum for a UK pension plan?


Most pension plans are able to offer a tax-free cash withdrawal of a percentage of its value at retirement. The remainder of the plan can either be used to buy an annuity or else remain invested and gradually drawn down, in both cases generating taxable income.

Get a head start: Try out our Intelligent Financial Planning Calculator now!
Follow Us: Facebook Twitter LinkedIn