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Looking to CASH IN your pension?
Since pension freedoms were announced and implemented in April 2015 there has been a popular misconception that anybody is able to simply cash in their pension. Unfortunately, this is not the case. Firstly, you have to be 55 years old to actually access your pension. There are also many other factors which make cashing in a less desirable option, not least the amount of tax you may be liable for should you cash it all in in one lump sum. On the other hand, it is sometimes a perfectly good option. The key is to consult with a financial advisor before deciding to cash in. You can see more at the Money Advice Service here