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How much of my pension can I cash in?

Cashing in a pension that’s really going to depend upon what style of contract you have, which is why it’s important to get financial advice.

A defined contribution pension (the the majority of pensions are) allows for one to cash in the entire amount if they wish to. There are restrictions to government backed schemes e.g. the NHS.

A full cash in comes with tax implications that one should be aware of.

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