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Document Am I allowed to take a lump sum in the 2015 scheme?

Yes, you are entitled to give up part of your pension to have a lump sum, usually tax free in the 2015 scheme.

For every £1 of pension you give up, you will be given £12 as a lump sum. This is up to 25% of the capital value of your annual pension.

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lump sum, lump, lump 2015, lump sum 2015
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