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  • FIRST POST
    d4005
    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.
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