Pension Tax Free Cash

This is only an industry rumour: There is talk that the government might introduce a limit on the amount of Tax Free Cash that can be taken from a pension fund. Currently 25% can be taken tax free to do what you like with. If a limit is imposed it could be a lower percentage or a monetary maximum. The word on the street is that it could become effective in December 2013. If this concerns you get in touch with your Independent Financial Adviser straight away.