Pension Pot & State Pension

karenmgregory

My husband (61) is thinking of taking the lump sum from his pension fund £35k, he has no other income. My question is will this affect his state pension when he retires, assuming there is nothing left of the £35k and he has full contributions paid into the state pension?

Thanks for any advice

232607

No. Withdrawal from his private pension will not effect the value of his state pension in any way.

jamesd

If he has no other income it will also be useful to take taxable income from the pension. This is because he will have unused personal allowance, so he can take out up to that much tax free, less any savings or other taxable income he has.

karenmgregory

Thank you both very much. This is how I had understood it be just needed clarification.

Regards
Karen:)

xylophone

Your husband may wish to obtain a state pension statement.

https://www.gov.uk/state-pension-statement