Pension pot access at 55 16 November 2019 at 10:45PM edited 30 November -1 at 1:00AM in Auto-enrolment 1 reply 2.1K views

loopylobbo

I am 56 years old and need some money to pay some debts. I would like to take a pot of 25% from my personal pension which is about 15k but I'm worried about whether I would then need to pay back the Tax relief which the government has already given me.
I don't have any other real income at the moment as my small self employed business is really struggling.
I have normally put into my personal pension was £240 a month which the government topped up to £300 with tax relief.
My question is if I take out 25% about 15k from my pension in a lump sum, will I need to pay the government back the tax relief or will that still be mine to do as I please?
Thanks in advance.

Dazed_and_confused

In the circumstances you describe you wouldn't have to pay back any tax relief.