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Taking 25% from my pension pot

irri_tant · 2013-07-25 08:15:36

I turn 55 this year in October. Can I take 25% out then? I know it drops the pension down if I do as my offer to take VR is a reduced pension of £15,860 and lump sum of £129,500. I would expect my pension to be slightly higher due to paying in still. I have the option the take VR but may not take it up but would look at…

Comments

jamesd Posts: 26,103 Forumite

9 August 2013 at 10:15PM

Right, once you take take Flexible Drawdown you can't get tax relief on any more pension contributions. But you can pay in and use Capped Drawdown until then, while still working and trying to minimise taxable income.

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