Pension Commencement Lump Sum Archives

Retirement Annuity Contract Pension: Why has the Tax Free Lump Sum Reduced?Written on September 3, 2023 by Kirk Rice LLP

Your pension is probably an old-style Retirement Annuity Contract (RAC). Personal Pensions (PPP) replaced these types of pensions in 1988, but existing RAC Pensions could continue. Both types of pension allow you to take some of the fund as a Pension Commencement Lump Sum (PCLS, formerly called Tax Free Lump Sum). The balance of […]
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Final Salary Pension – Should I Take The Lump Sum?Written on July 2, 2013 by Kirk Rice LLP

Taking the Pension Commencement Lump Sum (PCLS, formerly called Tax Free Cash) is generally accepted as being the best option. But what is ‘generally right’ does not mean ‘specifically right’ for you so review the options taking in to consideration your circumstances. The ‘general;’ reasons why it can be beneficial to take the PCLS include […]
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Kirk Rice Blog

Retirement Annuity Contract Pension: Why has the Tax Free Lump Sum Reduced?Written on September 3, 2023 by Kirk Rice LLP

Final Salary Pension – Should I Take The Lump Sum?Written on July 2, 2013 by Kirk Rice LLP

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