How do I get my pension in cash

zagfles

MyOnlyPost wrote: »

I don't usually frequent this board, I only actually came to the thread because I could answer the question, but somebody had beat me to it. I then came back to the thread as I couldn't understand how a basic question answered quickly could run to 40 posts. Having read the thread again I genuinely can't decide which of these 2 posts started the argument

I can't tell if this is defending charges or standing up for IFA's but it relates directly to the OP

If you read the quoted part of the OP's post he says

which seems rather a lot if it's just a case of filling in a few forms.

Note the "if". Yet that gets the sarky reply you post above, which started the flame war. This happens time and time again on here.

The OP in this thread didn't require an IFA to answer it, that doesn't mean that IFA's cannot be useful or their charges are always unacceptable. I don't bemoan electricians charging £200+ per day because I know how to change a plug.

A point which is also tirelessly made here (I know you're new here, I'm not blaming you).

Bennygandersen

I have a small annuity which has been paying out £70 or so monthly for a number of years, through Phoenix with, I think a GAR. AT the outset I took 25% in cash, but now need to access some cash to clear a debt of £11,000 before semi retirement in Sept. Question is, am I able to access/sell this annuity, how to go about this and will I be liable to one tax if I take more than 25%?
Would appreciate any advice thanks

AnotherJoe

No can do. See if you can get a loan and pay it back partially from the annuity.

Or don't go into semi retirement yet, work a few more months to help paying it off.

atush

Bennygandersen wrote: »

I have a small annuity which has been paying out £70 or so monthly for a number of years, through Phoenix with, I think a GAR. AT the outset I took 25% in cash, but now need to access some cash to clear a debt of £11,000 before semi retirement in Sept. Question is, am I able to access/sell this annuity, how to go about this and will I be liable to one tax if I take more than 25%?
Would appreciate any advice thanks

My advice to others (as it wont help you) is to not take pensions while you are still working and to not retire if you are still in debt (other than mtg).

You bought an annutiy, nothign you can do. You no longer have a pension.

And if you were still working, you shoudl not have taken the pension and locked into an annuity.

quotememiserable

d8veh wrote: »

That's not fair. You have to give me at least a clue to who you are. I guess I'm known all over the world.

Cross forum gag is all. Just run with it :-)