Do I Have to Buy an Annuity
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Do I Have to Buy an Annuity

No. When taking tax free cash from your pension you will have to choose what to do with the remainder of your pension fund. Typically a pension will allow for a up to 25% tax free cash to be taken as a lump sum. Once this has been taken you can buy an annuity or you can leave the rest invested for income later.

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