How much tax-free cash can I take from my pension and when?

Currently you can take 25% of most DC pensions as tax-free cash whenever you choose, once you reach age 55. From April 6th 2028 this will be age 57. You might be tempted to take the full amount as soon as you can. Your adviser can explain the potential drawbacks of that approach and suggest some more tax-efficient ways of managing your wealth.

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