Frequently Asked Questions

Occupational and Personal Pensions
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What is the difference between an occupational pension and a personal pension?
At what age can retirement be taken?
Can I transfer my UK pension to the US or Canada, and as a US resident add it to an IRA or 401K?
Can I cash the whole of my UK pension?
Can I take my 25% cash sum without having to take a pension income?
Do I have to purchase an annuity when I take benefit from a personal pension?
Can I add money to my UK personal pension?
What are my “Protected Rights” or “Guaranteed Minimum Pension” (GMP)?
Can I have my UK pension paid to me in the United States or Canada?
Will I have to pay income tax on my UK pension?
Will the US Internal Revenue tax my 25% cash lump sum when I take benefit?
Can I improve my UK occupational pension fund before I retire?

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