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Do you sell funds proportionally in order to pay tax-free cash lump sum?

Where possible, we will pay your tax-free lump sum from Pension Cash. If there isn't enough cash in the account to make the payment, we sell investments proportionately across the pension to make up any shortfall.

If you would prefer the lump sum payment to come from a specific fund or funds, you will need to sell the necessary units before you apply to take the tax-free cash. This will ensure there is enough money in the Pension Cash account to cover the lump sum payment.