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The latest Finance Bill released in November gave us the first look at the transitional rules for those that have taken some pension benefits under the current regime but also have untouched funds that will be accessed after 6 April.

Most over-55s expect to have spent - or expect to spend - a third of their pensions tax-free lump sum within the first six months of taking it, according to a new study.

Pensions consultants at Broadstone Corporate Benefits are calling on the Government to announce that the tax-free cash sums paid from pension schemes will avoid being cut in this Parliament.

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