AVC tax-free cash curbed under LGPS regulations

Local government pension scheme (LGPS) members have been banned from taking their entire tax-free lump sum from a pot built up through additional voluntary contributions (AVCs).
The rules - part of the LGPS 2014 regulations - will apply to workers who joined AVC schemes from 1 April, who will be limited to taking 25% of this pot as tax-free cash. Historically, tax-free cash...
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