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Pension - Cash In?

amartin1908 · 2012-03-13 10:32:19

Hi My partner is 38 and has two company pensions. One with this current employer and one from a previous employer. He currently has £34500 in the old one and is wondering if it is possible to cash it in so that he can get a deposit together for a new house. He doesn't mind if he loses a lump sum of it, as long as he can…

Comments

jamesd Posts: 26,103 Forumite

13 March 2012 at 1:56PM

Agree that reducing contributions to just what the company will match is likely to be the way to go here. Or perhaps that and any higher rate pay.

With £150,000 in the pot now he should do quite well in retirement even if he goes for early retirement at 55.

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