Most scheme members are aware that it is possible to take their scheme benefits as cash following the Chancellor’s “freedom and choice” reforms which were implemented mainly under the Pension Schemes Act 2015. This briefing sets out the reforms in terms of the questions a member may ask – the concept is relatively straightforward, but there is obviously a great deal more detail which we cannot include here. Words in italics are defined at the end of the briefing. Read more.
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