Once you reach age 55 (rising to 57 from 2028), you can take up to 25% of your pension pot as tax-free cash – otherwise known as a pension commencement lump sum (PCLS).
State pensioners warned not to withdraw cash in panic amid 'rumours'
Once you reach age 55 (rising to 57 from 2028), you can take up to 25% of your pension pot as tax-free cash – otherwise known as a pension commencement lump sum (PCLS).