Pension and redundancy 26 August 2010 at 6:54PM edited 30 November -1 at 1:00AM in Pensions, Annuities & Retirement Planning 2 replies 711 views

weeblexx123

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

CLAPTON

No, it's a pension so you can't access until you're are 55

McKneff

You cannot cash in a pension, its not your money now, its held in trust until you are at least 55 year old.