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Money Purchase Account

foxysas

foxysas Posts: 1 Newbie

15 December 2007 at 5:25PM in Pensions, annuities & retirement planning

Hi,

I have a money purchase account with Henderson Group Pension Scheme. I left the scheme in 2003 when i was made redundant. Today Ireceived a letter from them and it tells me i have 3,405 units with them that has the value of £4000. Can I access this money or only when i retire?

thanks

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Comments

jem16 Posts: 19,845 Forumite

15 December 2007 at 5:34PM

It can't be accessed until you retire.

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dunstonh Posts: 121,226 Forumite

15 December 2007 at 5:56PM

Sounds like the last Pearl money purchase scheme before they closed for new business. 55 retirement age at earliest without penalty IIRC.

I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.

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