Is EPS pension tax free?

You can usually take up to 25% of the amount built up in any pension as a tax-free lump sum. The most you can take is £268,275. If you hold a protected allowance, this may increase the amount of tax-free lump sums you can take from your pensions. You can usually take any pension worth up to £10,000 in one go. If you take this option, 25% is tax-free. You can usually get: up to 3 small pot lump sums from different personal pensions unlimited small pot lump sums from different workplace pensions. If you take this option, 25% is tax-free. You may be able to take all the money in your pension as a tax-free lump sum, if all of the following apply. You’ll pay Income Tax on some or all of the lump sum if.