- If your tax-free cash at 5 April 2006 exceeded 25% of the value of your pension benefits, you should ask for advice about safeguarding it under the complex special rules.
- Review the investment strategy for your self-invested pension scheme.
- Think about the ways you want to draw your retirement benefits.
- Seek professional advice if you think you may be within the ambit of the special annual allowance charge or its successor. There may be more tax-efficient ways to save for your retirement than pension plans.
This guide is for general information only and is not intended to be advice to any specific person. You are recommended to seek competent professional advice before taking or refraining from taking action on the basis of the contents of this publication. The guide represents our understanding of the law and HM Revenue & Customs practice as at February 2010, which are subject to change.Last Updated
