We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. 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 withdrawal
Options
Taff_G
Posts: 2 Newbie
Hi Guys,
I am 68yrs old(young) with a good income this is suplimented with
3 additional pensions.Even so I have need of some ready cash to see my son
through Uni.My company pension stands at 11k.Can anyone tell me if I am able to draw all of this.Iam lead to believe that if a pension is below 16k then
it is quite legal to do so??
Standing by
Taff G
I am 68yrs old(young) with a good income this is suplimented with
3 additional pensions.Even so I have need of some ready cash to see my son
through Uni.My company pension stands at 11k.Can anyone tell me if I am able to draw all of this.Iam lead to believe that if a pension is below 16k then
it is quite legal to do so??
Standing by
Taff G
0
Comments
-
0
-
The value of ALL your pensions combined has to be below the £16k "trivial commutation" limit.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards