Can I cash in 25 of my pension at 55?

Can I cash in 25 of my pension at 55?

It’s as simple as it sounds; you can withdraw the whole pension without penalty. However, there could be tax implications depending on the size of the pension pot. You’ll get the first 25% as a tax-free lump sum, but you’ll need to pay tax on the remaining 75%. Aug 10, 2021