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Pension withdrawal
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
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0
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The value of ALL your pensions combined has to be below the £16k "trivial commutation" limit.0
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