A-Day loophole allows members second bite of tax-free cash cherry

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A loophole in A-Day regulations enables scheme members to claim their 25pc tax-free cash lump sum twice under the same pension, Aegon Scottish Equitable says.

The financial services giant says HM Revenue & Customs confirmed it was possible to claim additional tax-free cash when a deferred pension was started – even if a tax-free cash lump sum had been ta...

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