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Cashing in a Private Pension

Last post Thu, Sep 04 2008, 12:54 AM by saintmandave. 2 replies.
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  •  Thu, Sep 04 2008, 12:54 AM

    Re: Cashing in a Private Pension

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    Hi

    thanks for that but I dont want to retire early , just surrender the policies & get as much cash for them as I can

    • Post Points: 5

  •  Thu, Sep 04 2008, 12:22 AM

    Re: Cashing in a Private Pension

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    Hi --- As I understand it you are allowed to cash in or take a lump sum on reaching 50 which by 2010 will be raised to 55 year old, however pension rules are complex and constantly change.

    If you want accurate current advice, then for the cost of a local call speak to TPAS below, they give free impartial advice on all pension aspects.

    http://www.pensionsadvisoryservice.org.uk/
    • Post Points: 20

  •  Thu, Sep 04 2008, 12:15 AM

    Cashing in a Private Pension

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    I have been advise that I cannot cash in a Private Pension before I reach the age of 60 is that true? I have a paid up policy & another that I'm still paying into. I need to access the funds ASAP I'm 56 years old Any advice appreciated
    • Post Points: 20