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You asked: What is tax free cash?

Tax-free cash is money you can take from your pension fund without paying income tax on it. You can spend this money on anything you want. You can usually take up to 25% of your pension fund as tax-free cash, although this may not be the case for everyone. For example, lump sums from final salary schemes are calculated differently. For the vast majority of people, tax -free cash will be a feature of their pension plan, but you should check with your pension provider what the rules are for your pension fund.

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