22 October 2025
Figures released by the Financial Conduct Authority show that pension savers withdrew a record amount of tax-free cash – totalling £10.4bn – in the six months to 31 March 2025.
If you’re thinking about accessing a pension so that you can take your tax-free cash, first read this article from Fidelity, which highlights some important points to consider before you take that step: Eight questions to ask yourself before you take tax-free cash from your pension.
Under current rules, a quarter of your pension pot can usually be taken tax-free. However, it’s important to remember that the Roche Pension Fund does not allow members to access their 25% tax-free cash as a one-off withdrawal. Instead, you’d have to set up a guaranteed income for life (annuity) using the balance of your pension pot or transfer it from the Fund to an income drawdown arrangement.