"When he retired, he received a lump sum plus a pension."
From A day, the maximum tax-free lump sum will be 25% of the value of the fund.
one-off lump sum payment.
We asked that the conditions be leveled up and sought a one-off lump sum payment.
If you do not make a nomination we will pay the lump sum to your estate.
The objective is to award a lump sum that will enable the claimant to meet his assessed needs over the relevant period.