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Sell my Pension ????
mankx
Posts: 1 Newbie
I have a pension with Lloyds TSB and Scottish Widows.
Times are hard being self employed and I wish to sell my pension.
It is worth 12grand ish.
Is it possible to sell it or transfer it to some one who will ?
Times are hard being self employed and I wish to sell my pension.
It is worth 12grand ish.
Is it possible to sell it or transfer it to some one who will ?
0
Comments
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No it is not (legally anyway)0
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Is it possible to sell it or transfer it to some one who will ?
It isnt yours to sell.
There is no legal way to access your pension under age 55.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
If you're 55 or older you can take a quarter of it as a tax free lump sum. The remainder could be used to buy an annuity to provide ongoing income or could be left invested to provide an income now or later.0
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