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  • Taking lump sums from more than one pension pot

    I stopped working in June 2023 and am now a full time carer for my wife. I am in receipt of an HM Forces pension, paid monthly, I also receive Carer’s Allowance. I have two other pension pots, one from many years ago and one from my most recent employment. One pot is in the order of £17,150 and the other in the order of £19,500 I would like to take each of the pots as a lump sum (25% tax free and the balance taxable), one during this financial year and one either next financial year or at a later date. Are you able to advise if it is permissible to to this please? Further to this, would I be able to take out the whole of one pot and part of the other this financial year.