AndroidMan
Registered User
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Bear in mind that the aggregate tax-free lump sums that you can take from any pension arrangements is capped at €200k, lump sums between €200k and €500k are taxed @20% and any lump sums over €500k are taxed at your marginal rate.
Do you have to take that 25% immediately?
Or say 10% today.
And the 15% a year or two later?
This gives that 15% a chance to hopefully generate more growth.
Plus that 15% I assume would still be 15% of the value of the pension at the time I took out the 10k.