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Cash in or sell a private pension?
billynomates_2
Posts: 15 Forumite
Hello all,
I have a private pension i have not paid into for yrs, just wondering is it possible to cash it in or are there any companies that buy pensions?
I have a private pension i have not paid into for yrs, just wondering is it possible to cash it in or are there any companies that buy pensions?
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Comments
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No and no.
As of age 50 (later 55) you can extract 25% but the rest has to be used to give you an income, there's never any access to the capital.Trying to keep it simple...
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