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Company won't pay full lump sum
artypoet1
Posts: 4 Newbie
I am over the age of 55 and my private company pension is with a company that I left over two years ago. I've been informed today that I can only take a small lump sum of my private pension and the rest has to be paid monthly. My pension is not a massive amount and the small amount that I could withdraw leaves an amount which works out to be a 3 figure amount and useless as income per month. How is it that the new legislation is being ignored by this company. Is this possible....I thought the government's new legislation ruled across the board.
Can anyone tell me can they do this?
Can anyone tell me can they do this?
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