BBC pension clarification, not really helping ?

bob_a_builder

http://www.bbc.co.uk/news/business-14210810

BBC trying to clarify pension terms here ... ( @ 3:15 min)

However, giving the impression that you can take your whole pot out in cash, by ignoring the important word 'trivial'

Given, that 'cashing in' is one of the most asked questions here, I don't see how the BBC have helped the situation

Lokolo

I knew what all the words meant! So happy.

Velcro_Hotdog

bob_a_builder wrote: »

http://www.bbc.co.uk/news/business-14210810

BBC trying to clarify pension terms here ... ( @ 3:15 min)

However, giving the impression that you can take your whole pot out in cash, by ignoring the important word 'trivial'

Given, that 'cashing in' is one of the most asked questions here, I don't see how the BBC have helped the situation

You can take it out in cash using flexible drawdown if you meet MIR minus tax of course so you wouldn't need to mention trivial as its not the only way.