Under current tax law, the maximum amount of tax-free cash (or Pension Commencement Lump Sum, as it is now known) that can be taken at retirement is generally 25% of the fund value, depending on your individual circumstances.
In some cases scheme members entitled to more than 25% of the fund value are able to retain this, provided that they give us the information requested in the tax-free cash entitlement form.
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It's important to supply this information to us now. If it is left until retirement, it may be impossible to find the information needed.
Without this information, the maximum amount of tax-free cash that could be taken would be 25% of the fund value
