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Taking part of the tax free lump sum and continuing to pay in to a DC pot

ALTSELGREEN · 2015-08-08 11:17:46

Just wanted to run something past everyone as I can't seem to find an exact answer. I have a DC pension pot worth around £500k. I am just coming up to 55 and want to take a proportion of the tax free lump sum to invest in a property. Putting this into figures - 25% of the pot would be £125k. I want to release £80k at 55…

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ALTSELGREEN Posts: 6 Forumite

22 August 2015 at 7:38PM

Apparently it's all to do with my Employers Block Transfer of the Group Personal Pension plan from old provider to the new one.
We still maintain rights in force before A day with the old provider. They are sending a statement with all the relevant information.

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