If you are aged 60 or older and the total value of all your pensions is less than
£18,000, you can take it all as cash. 25% is tax free and the balance is taxed as
if it were income you had earned in that tax year. If you cannot take advantage
of that option, but have a couple of very small pension pots (£2,000 or less),
you can do the same with them – up to two such small pots per person.
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