We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Trival Pension Rules

AVENUE · 2014-09-08 12:58:12

I believe the rules on cashing in a Trival Pension are that this can only be done when you reach 60. Yet if I'm reading things correct with the new pension rules being brought in from April people are now entitled to take their "normal" pension as a cash lump sum from the age of 55? Is that correct because if it is surely…

Comments

jem16 Posts: 19,724 Forumite

13 December 2014 at 5:34PM

fruitylady wrote: »

i understand from the news they are changing the rules next year .
my question is can i from next year take this pension out in a lump sum to get rid of it as like i said before it gives me more grief then its worth

thankyou for your time

No you cannot as you no longer have a pension - you have an annuity now.

0