Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    Can I "cash-in" my personal pension somehow ?
    • #1
    • 22nd May 08, 10:08 PM
    Can I "cash-in" my personal pension somehow ? 22nd May 08 at 10:08 PM
    I know that the general rule is that money in a pension is locked in there until you retire, although you're free to transfer it to another pension.

    I really regret having funded my pension so much and would like to get the current transfer value out in cash to manage myself. Considering that the contributions made into it were tax-free, I fully expect that I'd have to take a tax hit when I cash out (if it's even possible) but I'm prepared to accept that. I'd basically be saying I changed my mind and wished I'd not made any contributions into it in the first place.

    Is there any way I can do anything with that money that's locked in there, other than transfer it to some other pension? This question is related to my other question I posted about the retirement law changing from 50 to 55, hence my plans getting screwed up somewhat.
Page 1
Welcome to our new Forum!

Our aim's to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

106Posts Today

1,832Users online

Martin's Twitter
  • RT @JulianClary: CILLA BLACK ANYONE WHO HAD A HEART via @YouTube

  • Surprised at a few nasty replies re cilla. The respectful thing when someone dies is say nice or say nowt. Grieving relatives may be reading

  • You can judge your age by what #cilla means to you. For me its not the singing, its blind date and surprise surprise. Sad news #ripcilla

  • Follow Martin