We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

pension refund??

Options
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?

Comments

  • Yes, I know - you can't.
  • lisyloo
    lisyloo Posts: 30,077 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    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.
  • 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 Eagleton
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    You can draw benefits and take 25% tax free cash from a pension from the age of 50 onwards.
    Trying to keep it simple...;)
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.7K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.7K Work, Benefits & Business
  • 598.4K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 256.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.