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    • Home • Advice • Common questions

    Can I withdraw from a pension a cash sum more than once?

    29 March 2022

    Question by Sharon

    Can I withdraw from a pension a cash sum more than once?

    Answered by Boring Money

    Hi Sharon,

    Yes you can.

    You are normally entitled to a 25% Pension Commencement Lump Sum (Tax Free Cash).

    You can take this all in one go.

    Or, if you prefer, you can break it down into smaller chunks and take it as and when you need it.

    Any other lump sums you take out of your pension will be taxable and you can also take these more than once if that suits you.

    I hope that helps!

    Josh

    Answered by

    Boring Money

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    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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