Pre 95 PPP -Rebate only

thebullsback

Hi all I have an Aviva pre 95 ppp -rebate only policy ? that has £8,650 protected rights .This is the full fund value .
I want to know if I can withdraw any or all of the fund now ?
I am male 55y/o married and in full time employment with NHS.I am hoping to use spare cash if any to reduce mortgage .
Thank you for reading .

xylophone

Protected rights are no more.

http://www.torquilclark.com/blog/post/24012012/Opportunity-Knocks-For-Protected-Rights.aspx

Check your situation with Aviva.

http://www.aviva.co.uk/pensions-and-retirement/retirement-centre/frequently-asked-questions.html


"Protected rights were the value of the government's payments paid into your own pension arrangement. The money came from National Insurance contributions you made above those needed for the basic State Pension. If you contracted out of the State Earnings Related Pension Scheme (SERPS) or the State Second Pension, the government redirected your contributions to your personal pension instead, this was known as 'contracting out'.

Non-protected rights were the value of the payments that you and/or your employer made into your pension fund.

There used to be a difference between how you could use protected rights and non-protected rights benefits. When contracting out ended on the 6 April 2012 this difference ended and protected rights and non-protected rights are now treated the same."

thebullsback

So can I cash any of it in ??

xylophone

So can I cash any of it in ??

Check your situation under current rules and under the rules that will apply from April 2015 with Aviva.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/301563/Pensions_fact_sheet_v8.pdf