I want to be able to take my tax free lump sum but delay taking my pension for a period

If it’s important for you to take your tax-free lump sum now, but delay taking any other pension income you should give this option high priority. This might be the situation if you expect to carry on working for a period, whether on a full or part time basis, and need to take part or all of your tax free cash  to pay off debt or clear your mortgage. But taking a lump sum when you don't need it is normally not advisable. This doesn't mean you lose the tax free cash entitlement. It can be taken later or in instalments as part of your 'retirement income'. 


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