Can I cash in my funds in my Drawdown policy?

Grippa

Hello,

Looking at my statement from a previous Windsor Life pension plan, now managed by ReAssure, it appears I have two policies. One being Personal Pension Unitised (£26,000), and the other being Drawdown (£12,000). I understand that I am taking small annual payments from my Drawdown policy. Is it possible to take this entire amount out in a lump sum as it is under the £18k threshold, or is that not possible as the total value of my policies is over the threshold?

Thanks in advance.

jem16

Grippa wrote: »

Is it possible to take this entire amount out in a lump sum as it is under the £18k threshold, or is that not possible as the total value of my policies is over the threshold?

Thanks in advance.

It's not possible as the total value must be under £18k.