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Personal pension plan - I want it now!
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bstaton
Posts: 2 Newbie
I suspect I already know the answer to this, but here goes anyway:
I'm 36 and opened a PPP about 10 years ago, contributed to it for 3 years and haven't touched it since. I need money due to financial difficulties.
Is there any way I can cancel/redeem/cash it in early, even if I have to pay substantial penalties/tax?
I'm pretty sure the answer is a resounding 'No!' but I thought I'd check anyway.
Many thanks for your help!
Ben
I'm 36 and opened a PPP about 10 years ago, contributed to it for 3 years and haven't touched it since. I need money due to financial difficulties.
Is there any way I can cancel/redeem/cash it in early, even if I have to pay substantial penalties/tax?
I'm pretty sure the answer is a resounding 'No!' but I thought I'd check anyway.
Many thanks for your help!
Ben
0
Comments
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You are correct. The answer is no.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Thought so. Ho hum.:o
Thanks for the very quick reply though dunstonh!0
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