Cashing in pension Sooner your pensionable age will usually lessen the eventual retirement income. Cashing in pension would normally offer the retirement plan member the choice to produce part or all of one's pension for a cash amount, 25% of that will be tax-free, and the remainder of it will be redeemed at your marginal rate of taxation or, instead, provide you with an income for life, and this can be redeemed as earned cash. http://www.sellpension.co.uk/cash-in-pension
