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pension refund??
hills
Posts: 1 Newbie
Does anyone know if i can reclaim a pension when its frozen even when they say i can't get it till im of pensionable age?
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Comments
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Yes, I know - you can't.0
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You can only get it in 3 circumstances
1) death before retirement
2) retirement
3) terminally ill with less than 12 months to live certified by at least 2 doctors.
The government give you valuable tax relief in return for you locking the money away long term.
That's the deal I'm afraid.0 -
It is a pension - therefore it is not available until pensionable age.
You may however be able to transfer it to another pension scheme.(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
You can draw benefits and take 25% tax free cash from a pension from the age of 50 onwards.Trying to keep it simple...
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