• BERKELEY PRIVATE FINANCE LTD
  • Moorlands, The Common
  • Redbourn
  • Herts
  • AL3 7NJ
  • Tel: 08444 156800
  • Fax: 0871 714 2655

Free Consultation

You can have a free initial consultation. There's no fee, no catch and no obligation on your part.  We can call you to arrange a time that suits you.

Please click here.

 

 

BPF logo B&W cropped

BERKELEY PRIVATE FINANCE

Providing Independent Financial Advice for Hertfordshire, Bedfordshire, Buckinghamshire, and Cambridgeshire.

Tel. 08444 156800

---pagebreak---

Free Consultation

Name:

Tel:

Call me:

Pension Commencement Lump Sum

Let’s make this easier - a Pension Commencement Lump Sum (PCLS) is a complex way of saying “tax free cash”.

When you reach your retirement age, currently 55, you can take up to 25% of your pension fund as a lump sum. This is tax free.

What can you use it for?

Spend it, clear the mortgage, save it or invest it. This cash injection can be a great boost to your retirement lifestyle. The only ‘off-limits’ investment is you cannot put it into another pension plan.

Things to watch for

Taking a lump sum will significantly reduce the value of your pension fund. Make sure you seek some independent specialist advice to see how this will affect your future income.

Annuities - what are they?

Open market option


.