Take all your benefits as cash

Take all your benefits as cash

You may be able take all your benefits as cash, either as one lump sum or in instalments. Remember: if you take it as one lump sum, the amount in excess of 25% would be taxed as income – which could push you into a higher tax bracket.

Alternatively, you may be able to take a series of cash instalments and the first 25% of each payment would be tax-free with the remainder taxed as income.