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    • inflationbuster
    • By inflationbuster 4th Oct 17, 10:09 PM
    • 129Posts
    • 29Thanks
    Company Pensions to SIPP
    • #1
    • 4th Oct 17, 10:09 PM
    Company Pensions to SIPP 4th Oct 17 at 10:09 PM
    Hoping this is not a silly question.

    I have one closed pension (company) and one running pension with my current employee. It appears both have a retirement age of 60.

    If later in life l wanted to transfer both to a SIPP (assuming l retired in my 40s) would l be able to access cash from 55 onward? My reason for asking is that it appears a SIPP has an earlier retirement age and possibly a workaround to accessing my pension earlier than 60?

    I do have investment experience so i'd want a SIPP to manage my pension cash.
Page 1
    • LHW99
    • By LHW99 4th Oct 17, 10:26 PM
    • 998 Posts
    • 854 Thanks
    • #2
    • 4th Oct 17, 10:26 PM
    • #2
    • 4th Oct 17, 10:26 PM
    Depends what type of pensions they are - DB pensions are not that easy to transfer, even if its a suitable thing to do.
    Also 55 is the current early access point - that may rise to 10 years below SPA in due course.
    So if SPA becomes age 70 in a few years time, you won't be able to access a SIPP any earlier than the company pensions.
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