A lump-sum distribution is a one-time payment from your pension administrator. By taking a lump sum payment, you gain access to a large sum of money, which you can spend or invest as you see fit.
This book discusses how it is possible to take a tax-free lump sum from most pension funds before retirement, explains the tax implications on using your pension fund, discusses various ways your pension fund can be used, and even shows readers how they can create a second (or third) tax-free lump sum from the same pension pot.
Written in clear, easy to understand language this book is essential reading for anybody about to retire or those looking to use their fund in line with the Governments proposed changes - in fact, anybody with a pension is going to find this the essential guide.A lump-sum distribution is a one-time payment from your pension administrator. By taking a lump sum payment, you gain access to a large sum of money, which you can spend or invest as you see fit.
Written in clear, easy to understand language this book is essential reading for anybody about to retire or those looking to use their fund in line with the Governments proposed changes - in fact, anybody with a pension is going to find this the essential guide.