Personal pension help wanted please

thelastname

Hi I have recently requested a cash quotation for my PP. My retirement date was 65. I am now 62.5 yrs. and still working full time. My reason for request is I have about 5k credit card debt to clear and trying the bal transfer route isn't working.
My quote shows a full cash pot of 73k. I am a basic tax payer earning about 19k. I also have an NHS pension which at 65yrs will be 7 years worth of contributions.This will remain where it is till then.
It is not essential I take out all the 25% tax free option (18k) but I think my provider is saying I must remove all the pot if I draw out any of the tax free option? I am bothered about the possibility of becoming a higher rate tax payer.
The more I read about the tax minefield the more I become apprehensive. However I am convinced I need to clear this debt. I have virtually zero savings.
Can some kind expert please offer advice. I know I probably should seek advice from a financial advisor. Thank you.

philwal_2

You would be best seeking financial advice you can move into a contract that would provide you with part of your tax free cash and leave the remainder of the pot invested

thelastname

Thanks philwal.

philwal_2

If you know a family member or friend who has used an adviser and can recommend them or go to unbiased and find a local adviser. The plan you are invested in does not appear to offer the flexibility to go into drawdown.