In the 2011 edition of the Donnybrook Fair, these local students have managed to win $1346 in tax-free cash.

It can provide a lump-sum of tax-free cash or a steady income (annuity), which can be index-linked, for the rest of your life.

The .38 Smith he can stick in his pocket, sell on 42nd street for tax-free cash.

Not to mention that a thousand bucks tax-free cash was surely more than this kid took home in a week.

So any tax-free cash that she's got might be useful.

And at the end of the ten years of course that's all tax-free cash.

And while you can take 25pc of a contracted out pension as tax-free cash, the S2P is paid as income, as part of your state pension.

It may be that because so few cases are investigated or punishments handed out that many otherwise law-abiding citizens see car insurance policies as tickets to tax-free cash.

On crystallisation, a pension commencement lump sum (PCLS), also known as tax-free cash, of up to 25% of the fund can be taken.

However, Prudential's head of business development, Vince Smith Hughes, said "some pensioners are beginning to regret the way they used the tax-free cash.