We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
Can I withdraw from PP or SIPP in emergency?
alexasmith5
Posts: 1 Newbie
Hi everyone,
First post so thanks to everyone who has provided such valuable information.
I am 25 and was wondering the rules for a PP and SIPP in the UK.
If I start to contribute to these, can I cancel (withdraw) my funds in 10 or 20 years in an emergency? In America, for example, this is possible but you obviously are taxed and penalized for everything you withdraw.
Thanks very much
Alexa
First post so thanks to everyone who has provided such valuable information.
I am 25 and was wondering the rules for a PP and SIPP in the UK.
If I start to contribute to these, can I cancel (withdraw) my funds in 10 or 20 years in an emergency? In America, for example, this is possible but you obviously are taxed and penalized for everything you withdraw.
Thanks very much
Alexa
0
Comments
-
No you can't. You will be able to access it at age 55.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards