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You can take your pension benefits as from age 55 in any of the following ways:

In full as a tax-free lump sum

As a sequence of tax-free partial lump sums

As a tax-free partial lump sum and income payments

All in the form of pension income

Please note pension income may be taxable in Gibraltar if taken at age 55, but is unlikely to be subject to tax after the age of 60. This is subject to the tax rules that prevail in Gibraltar at the time.

Further questions? Contact:

Erica Power

Expert in Pension Administration
Tel: +00350 200 78777 ext 385

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Abacus Gibraltar