What is the Tax Free Lump Sum On Retirement?

It depends on the type of pension plan you have. If you are in a company scheme you may have the option of a tax-free lump sum based on your final salary and the number of years you were employed. 

Alternatively, you will have the option to take a 25% tax-free lump sum with the balance invested into either an ARF or AMRF. Under certain circumstances, you may be able to take the whole pension as a lump sum subject to some tax.

Read more:

1. 1. What is the Difference Between an Approved Minimum Retirement fund (AMRF) and an Approved Retirement fund (ARF)?
2. 2. I have a Small Limited Company. What Pension Options Are Available to Me?
3. 3. I am Self Employed. How do I Start a Pension?