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    Can I Withdraw Pension Money Now
    • #1
    • 13th Aug 08, 5:04 PM
    Can I Withdraw Pension Money Now 13th Aug 08 at 5:04 PM
    Hi all

    Sorry for my ignorance here, I am sure you will shake your head but I have a question.

    Basically at the moment I am suspended from work on an allegation of gross misconduct, this has been going on for 10 weeks +.

    Anyway my car has died, I have no money so I want to withdraw money I have been paying into my work pension for the past 8 years as I will be leaving the company and I dont want them to hold on to it and I need the money desperately.

    I have asked someone in my company who deals with the pensions but I got quite a sharp response back saying that I cant have the money - she said all I can do is transfer money to new plan or leave it in the company pension.

    Is this right ? I dont have my paperwork with me as its in my desk at work where I am not allowed to go !

    Any advice would be greatly welcomed.

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