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2/11
OMOs are purchased from your pension
fund, and usually can be purchased from
any insurance company offering this
product.
When you start to draw your income you
can also opt to take up to 25% tax free
cash as a lump sum.
There are some exceptions, in
particular company related schemes,
which may limit the options or tax free
cash you can take.
PLAs are bought from your own capital,
and can be temporary.
Selection of annuity rates 262-267
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