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Access to pension
Stonehaven
Posts: 1 Newbie
I'm 55 next month and wanted to know if I can access my works pension
0
Comments
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Stonehaven wrote: »I'm 55 next month and wanted to know if I can access my works pension
What do you mean by 'access'?
In concept the answer is 'Yes'. But in order for it to be a good idea, it depends upon a lot of things.
Are you still paying into it?
Is your employer still paying into it?
Is it a money purchase or final salary scheme?
Depending upon these things, it could turn out to be the worst possible financial mistake you could make. Or alternatively, it could make sense.0
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