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Tax free lump sum from pension fund?

 
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joe25



Joined: 16 Sep 2004
Posts: 21
Location: Middx
PostPosted: Fri Jan 14, 2005 12:41 pm    Post subject: Tax free lump sum from pension fund? Reply with quote
I recently read somewhere that in March or April the amount that can be withdrawn from a pension fund ,is that of the whole amount if it is under £15,000.No one I have spoken to knows anything about it.At the moment it is only funds worth under £2500 where the whole amount can be withdrawn with converting it to a pension.Does anyone out there know the answer please?
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parabola



Joined: 14 Sep 2005
Posts: 1

PostPosted: Thu Sep 29, 2005 2:29 am    Post subject: Reply with quote
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thescruff
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thescruff
Moderator


Joined: 03 May 2003
Posts: 4164
Location: Bath
PostPosted: Sat Oct 01, 2005 8:31 am    Post subject: Reply with quote
Joe,

I have a similar situation with the wife's estate.

As far as I know you have to turn it into an annuity Confused

Will let you know more over the next couple of weeks, ( I hope ) Crying or Very sad
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