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Pension withdrawal

4 replies

user1497643032 · 08/06/2023 15:14

Is it possible at all to withdraw pension at age 40?

OP posts:
Paq · 08/06/2023 15:14

Unless you are a downhill skier, no.

SilverGlitterBaubles · 08/06/2023 16:41

No, check the scheme rules but usually it is from age 55

onlyk · 08/06/2023 16:43

Check the scheme rules it sometimes allows for terminal illness etc but otherwise there is usually a age limit set

Skala · 09/06/2023 16:56

If you withdraw it before 55 (57 from.2028) you will be taxed upto 55% on whatever you withdraw unless you meet specific conditions , for example, you have been diagnosed with a terminal illness and have been given less than 12 months to live

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