Ten things to know about tax free cash

Having worked in the world of pension planning for 21 years the one subject that many clients have a keen interest in, for many different reasons, is tax free cash. Before I am corrected I know the proper name is pension commencement lump sum (PCLS), but the intention was to make a clear point; I often wonder why the words ‘tax free' were removed? In my opinion it is only a matter of time before the real reason for using PCLS moving forward becomes apparent. That said, this is an emotive area and one where there are some critical points to think about for many clients who have historical pr...