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261/2 CEEFAX1 Thu 2 Feb CEEFAX.TV
ANNUITIES - EXPLANATORY NOTES 2/10
Pension income annuities are bought
with your pension fund from any
insurance company offering the best
income or an open market option (OMO).
When you start to take income from your
pension, you can opt to take up to 25%
as tax free cash in almost all cases -
the pension commencement lump sum.
PLAs are bought with your own capital.
Source: Annuity Direct
Headlines 200 Your Money 250

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