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Pension and redundancy

Options
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

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    No, it's a pension so you can't access until you're are 55
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    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.
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