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!
Pension and redundancy
weeblexx123
Posts: 1 Newbie
Hi Just a bit of advice needed, I am due to be made redundant. I am 42 and have had a pension running with my employer for about 6 years. I understand I may have the following options, transfer my pension to a new employer, or leave the pension with the company until I reach pension age. Is there an option to have them pay me back my contributions when I am made redundant and close this scheme.
Many thanks
Many thanks
0
Comments
-
No, it's a pension so you can't access until you're are 550
-
You cannot cash in a pension, its not your money now, its held in trust until you are at least 55 year old.make the most of it, we are only here for the weekend.
and we will never, ever return.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards