LUMP SUM RUMOURS
A number of rumours are circulating regarding possible changes to the taxation of pension commencement lump sums, also known as tax free cash sums, after the next general Election, or after the next Budget Day if earlier – whoever wins!
No credible suggestions have been put forward regarding what may happen, if at all and there is no certainty as to the timing of any changes – and how they would affect those with existing rights.
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