📨 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!

peugeot robins and day pension question?

Options
hi guys im hoping somone may be able to help me out with a bit of advice,basically i'd like to know if i can get what i paid into a pension a few yrs ago out of it.
i used to be a mechanic at a peugeot dealer and joined up to the company pension where they take out of wages every month but if you left you couldnt continue the pension,ive been left for about 2 yrs now and i get a yearly statement saying ive got about £2000 in it.
now what i'd like to know is,is there anyway i can get my hands on that money or even transfer it into anouther pension, i started it in about 2000.
any advice would be great,cheers guys

Comments

  • SeniorSam
    SeniorSam Posts: 1,673 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    glenandemm wrote: »
    hi guys im hoping somone may be able to help me out with a bit of advice,basically i'd like to know if i can get what i paid into a pension a few yrs ago out of it.
    i used to be a mechanic at a peugeot dealer and joined up to the company pension where they take out of wages every month but if you left you couldnt continue the pension,ive been left for about 2 yrs now and i get a yearly statement saying ive got about £2000 in it.
    now what i'd like to know is,is there anyway i can get my hands on that money or even transfer it into anouther pension, i started it in about 2000.
    any advice would be great,cheers guys

    Normally you cannot take your pension until the scheme retirement date. However you may be able to transfer it to another pension scheme where it may be possible to take pension from age 50, but should make sure that you are not 'doing' yourself if it is a good scheme.

    Suggest you seek advice from an IFA.

    Sam
    I'm a retired IFA who specialised for many years in Inheritance Tax, Wills and Trusts. I cannot offer advice now, but my comments here and on Legal Beagles as Sam101 are just meant to be helpful. Do ask questions from the Members who are here to help.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.