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| Pensions |
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The proceed payments of a personal pension plan are subject to tax relief.
Payments are made to you after retirement in a lump sum, and steady monthly payments, or in a combination of the two. Directly following retirement, 25% of the pension can be taken as a tax free lump sum, but the remaining funds in the pension must be used to purchase an annuity. Pensions Start saving for your future today by investing in a pension plan.
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