reclaiming pension

sandyporter

i have just left a job in which i contirbuted to my own pension out of my wages, the job did not contribute anything to this pension, am i able to reclaim this pension as i could really use the money right now.

jem16

Assuming it's a personal pension then no - you can't access it till age 55 ( or 50 till April 2010 ) and then only 25% as a tax free lump sum.

If it was a final salary pension it depends on how long you contributed to oit.

chickencow

jem16 wrote: »

Assuming it's a personal pension then no - you can't access it till age 55 ( or 50 till April 2010 ) and then only 25% as a tax free lump sum.

If it was a final salary pension it depends on how long you contributed to oit.

I'd be amazed if they were running a final salary scheme that the company didn't contribute to. If I were to hazard a guess, it would be a designated stakeholder plan in which case the top point applies.

jem16

chickencow wrote: »

I'd be amazed if they were running a final salary scheme that the company didn't contribute to.

I'd be amazed too. I mentioned it just in case the OP doesn't actually know what he/she has.