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  • FIRST POST
    • Julsyb
    • By Julsyb 9th Oct 17, 11:05 AM
    • 2Posts
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    Julsyb
    Woolwich/Barclays Final Salary Pension
    • #1
    • 9th Oct 17, 11:05 AM
    Woolwich/Barclays Final Salary Pension 9th Oct 17 at 11:05 AM
    HI
    I worked for the Woolwich Building Society, now owned by Barclays. I took my pension 3 years ago with the 25% lump sum and a small monthly income. I'm moving to Spain and would really like to cash the whole thing in. I called Barclays last year and they told me I couldn't do that but I see things have changed this year. Is there any way I can cash the whole thing in? Thank you Jx
Page 1
    • Malthusian
    • By Malthusian 9th Oct 17, 11:12 AM
    • 3,460 Posts
    • 5,302 Thanks
    Malthusian
    • #2
    • 9th Oct 17, 11:12 AM
    • #2
    • 9th Oct 17, 11:12 AM
    No.

    Nothing has changed in that regard. There was a daft proposal that you should be able to cash in defined benefit pensions and annuities in payment, which was thankfully rejected last year. Had it been possible and had you taken it up, you would have received significantly less than the income was actually worth.
    • Julsyb
    • By Julsyb 9th Oct 17, 11:16 AM
    • 2 Posts
    • 0 Thanks
    Julsyb
    • #3
    • 9th Oct 17, 11:16 AM
    • #3
    • 9th Oct 17, 11:16 AM
    Ah ok. I spent a while googling this morning and it's so confusing. Thank you so much for your time. Much appreciated x
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