Two Pension dilemma

Cadenza41

I have a deferred local government pension from employment that I left years ago. At the moment I pay into a stakeholder pension which is my larger pension pot and I am working at building it up. I am considering taking 25% and drawing down my deferred Government pension next year, but am wondering if I can still pay into my stakeholder or do I have to take both pensions at the same time?

Linton

The two pensions are completely separate. What you do with one does not affect what you do with the other.

Dox

Cadenza41 wrote: »

I am considering taking 25% and drawing down my deferred Government pension next year, but am wondering if I can still pay into my stakeholder or do I have to take both pensions at the same time?

Just checking - you do mean 'drawing' your government pension, rather than 'drawing down' (the latter is a concept which doesn't apply to defined benefit schemes, and I'm assuming that's what your 'government' pension is??).