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Small pension pot

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philfatkid

philfatkid Posts: 4 Newbie

23 June 2016 at 6:49PM in Pensions, annuities & retirement planning

Hi all,
Can anyone help me with this query, a small pension i had has come to light, it was from a company i only worked for a short while, it's value is £300 i was wondering if i take it as a lump sum, would it be subject to the same tax regulations as large pension pots.
Phil D.

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Comments

xylophone Posts: 45,598 Forumite

23 June 2016 at 7:16PM

How old are you?

What type of pension was this?

Do you mean that the current value is £300 or the value when you left was £300?

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mgdavid Posts: 6,710 Forumite

23 June 2016 at 7:45PM

Is it a DB or DC pension?
It could be £300 per year.

The questions that get the best answers are the questions that give most detail....
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philfatkid Posts: 4 Newbie

23 June 2016 at 10:21PM

It say the total pension pot value as at 12 June 2016 is £300.

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xylophone Posts: 45,598 Forumite

24 June 2016 at 12:02AM

http://www.pensionsadvisoryservice.org.uk/about-pensions/retirement-choices/the-right-choice-for-me/taking-a-small-pension-as-a-cash-lump-sum

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