We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!

Small sum pension pot question

I understand from research elsewhere that if you have a defined contribution pension pot of less than £10000 you can withdraw the value regardless of any other pensions (acknowledging the tax free lump sum and tax to be paid implications). This is from my present employer and I am considering retiring later this year age 61 I have two defined benefit pensions, one LGPS which I am now taking as it became payable when I reached 60. The other is deferred but I would take it, at a slightly reduced rate when I retire. In my circumstances, with a mix of pensions, is my assumption in my first sentence correct? Thanks in anticipation.

Comments

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
  • 355.4K Banking & Borrowing
  • 254.7K Reduce Debt & Boost Income
  • 456K Spending & Discounts
  • 248K Work, Benefits & Business
  • 605.3K Mortgages, Homes & Bills
  • 178.9K Life & Family
  • 263.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K 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.