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can you withdraw cash sum out of pension pot?

(6 Posts)
ducdo Sun 19-Jun-11 21:34:53

I am 36 yrs old and have a private pension which I'm no longer contributing to as in a company scheme. There is a approx 25k in the plan and I understand I can't cash it in until retirement age, however does anyone know if I can take any funds out of the plan prior to then?

PippiLongBottom Sun 19-Jun-11 21:39:54

Not until retirement age, according to DH. Unless it is a SIPP, then it is possible to get some funds at age 50.

Morph2 Sun 19-Jun-11 22:18:36

don't take this as gospel but i think you may be able to take some of the cash out but you would have to pay tax on it (rate depending on your other income for the year). I think what PippiLongBottom has said above refers to getting tax free lump sum

AnyFuleKno Sun 19-Jun-11 22:23:49

No, from what I have read absolutely not

xiaojwww Mon 20-Jun-11 02:50:58

Message deleted

trixymalixy Mon 20-Jun-11 18:19:02


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