Friday, March 26, 2010

Tax Free Cash...Pension Age Changes

This year you will have seen discussion about whether to take tax free cash from pensions, especially if the person is between 50 & 55.

The minimum age you can take pension benefits goes up from 50 to 55 on 6th April 2010.

This has prompted debate on whether to take tax free cash. Should you take it?

The answer depends on your personal circumstances, tax status and your other assets.
It is a complicated issue.

Please do not take the decision without taking professional advice, it could save you £1000s.....

Posted by Sean Wilson, APFS, Independent Financial Advisers (IFA), Swindon, Wiltshire.

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