Pens text setting out immediate future plan (4,4)

I believe the answer is:

next step

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'future plan' is the definition.

'pens text setting' is the wordplay.
'setting' indicates anagramming the letters.
'pens'+'text'='penstext'
'penstext' is an anagram of 'NEXT STEP'.

'out immediate' acts as a link.
This may not be correct. Some or all of it may be part of another bit of the clue.

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I've seen this clue in The Independent.

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