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  • Partial Encashment Form - Scottish Widows

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Document info Form E1320 Job ID 047931 Size A4 Pages 4 Colour BLACK Version MAR 14 Operator info 1 Global Investor/Corporate Investor/Portfolio Bond 2 Partial encashment form 5 3 4 6 7 Policy number.

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Encashment Value means the Policy Value less the Encashment fee, if any, and the accumulated charges and other fees of the Policy.

A pension fund value is simply the amount of money in your pot, which you'll then have to use to provide yourself with a retirement income later in life.

Partial pension encashment (PPE) Partial pension encashment (PPE) With this option, you can take part of the value of your plan as a lump sum, and leave the rest invested. 25% of however much you take will be tax-free, but the rest is taxable.

What it is encashment? Encashment basically means taking all of your Personal Retirement Account (PRA) as a cash lump sum.

You can withdraw money by requesting a one-off lump sum. You have to take out £100 or more. You'll need to leave at least £100 in your plan (£1,000 for plans invested in the Managed Income Fund) – otherwise we'll close it, cash in the remaining units and pay you the proceeds.

The earlier you cash your pension in, the higher the risk of being left short in older age. Unless you use it to buy an annuity, the money you take out will not provide a guaranteed income for life. Once you have cashed in the money, it will no longer grow (unless you reinvest it)

Your fund value is the total amount of money in your pension savings with us at a particular point in time. Your transfer value is the amount of money you can transfer out (take it out of the Scheme and move it to another pension provider).

Taking your pension: your options take some or all of your pension pot as a cash lump sum, no matter what size it is. buy an annuity - you can take a cash lump sum too. take money directly from the pension fund, and leave the rest invested (income drawdown) - there won't be any restrictions for how much you can take.

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© Copyright 1997-2025
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3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232