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pension woes

I have been living abroad (Australia) for a little over 2 years and I have a small UK gov pension with the pcsps. I have been in contact with the relevant department (who were not much help) took 2 months to get me a quote for transfer which expired a week after it arrived :( The most helpful thing they did was say I could only transfer it to a qrops, which I kinda already knew. The the pension itself is not worth an awful lot and definately wont keep me in tea and coffee when I am old and grey. The question is can I release some of the pension funds to invest now, if so how.

Comments

  • Andy_L
    Andy_L Posts: 13,097 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    bruffyz wrote: »
    The question is can I release some of the pension funds to invest now, if so how.

    Only by transferring it to a QROPS and taking control of the investment decisions, once money is in a pension its almost impossible to get any money out before retirement age.
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