What to do with trivial pension fund?

DavidLaGuardia

Here's a conundrum that I'f like to know the answer to:

An individual who takes a stakeholder pension out with a company that does not offer annuities and stops contributing before the fund has reached any significant value (Call it £1,000 for arguments sake) They are 75 years old, have to take it and already have anincome from previuos pensions that prevent them taking them amount as a trivial pension. Nowhere can they get an annuties for £750 after tax free cash or even £1,000 if they don't take this. What the heck do they do? (If any pedant spots a company that takes £1,000 call it £900 remember it's an example).

Andy_L

ISTR that the fund value can be paid out in cash, is then an "unauthorised payment" under the trivial commutation rules & gets appropriatly taxed.