We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
triviality payment
Options
journeys
Posts: 3 Newbie
I had a coop personal pension, which I stopped paying in to over 10 years ago. I want to take the fund of £8000 out as a one off triviality paymnet. I am 55yo.
Is this possible or do I have to wait till 60yo.
Is this possible or do I have to wait till 60yo.
0
Comments
-
It's age 60.
Remember that triviality rules only apply where the total of ALL your pensions is £16,500 or less. Is the co-op pension your only pension?
Otherwise you can take 25% as a lump sum from age 50 (age 55 from 2010).0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards