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You do not have to stop working to take your pension benefits from the Plan. You could reduce your hours and use your pension benefits to top up your income. This is called taking a flexible retirement.
If you take a flexible retirement you could:
Just like a salary, your pension benefits are subject to income tax when they are paid to you, apart from your tax-free cash sum.
If you decide to take a flexible retirement, you will need to consider the tax implications of receiving your salary and pension at the same time.
Remember, there is a limit to the amount of pension that you can build up over your lifetime. This is called the lifetime allowance and exceeding it will trigger an additional tax charge. You can read more about the lifetime allowance here.
Your accountant, or a financial adviser who is a pension specialist, will be able to offer impartial financial advice and help you understand the tax that you will need to pay on your pension benefits based on your personal circumstances.