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Tax free cash (TFC)

Tax free cash is now formally known as Pension Commencement Lump Sum (PCLS).

Last updated:

2 November 2022 at 08:27:02


This glossary definition has been deliberately kept as simple as possible to give a brief outline of the term to assist with general financial knowledge. It is not intended to give a detailed explanation. Please refer to our Legal Declarations.

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