This definition appears very rarely
and is found in the following Acronym Finder categories:
- Military and Government
- Business, finance, etc.
See other meanings of PCLS
We have 24 other definitions for PCLS
in our Acronym Attic
Samples in periodicals archive:
As an example, Mr Jones (65) has a pension fund of pounds 100,000, after taking the 25% Pension Commencement Lump Sum (previously known as 'tax free cash').
will tax relief on pension contributions be restricted for higher rate taxpayers and will the pension commencement lump sum (tax-free cash we called it) no longer be tax free, thus confirming there was an ulterior motive in changing its name?
It may be possible to utilise the pension commencement lump sum, which is 25% of the accrued fund, to help fund children at university.