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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Pension withdrawal
LadyChatterley
Posts: 14 Forumite
I have 3 pension pots, one that I’m currently paying into and have done for years. The other two, I keep on forgetting about them. They both have less than £1000 in each, I was wondering if I can withdraw from them as they don’t get paid into anymore.
0
Comments
-
How old are you, over 55?
N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 35 MWh generated, long-term average 2.6 Os.0 -
You may be able to merge the 2 small pensions into your main one.1
-
The fact you do not pay into them anymore is not relevant. You can access them once past a certain age - currently 55 but going up to 57 at some points.LadyChatterley said:I have 3 pension pots, one that I’m currently paying into and have done for years. The other two, I keep on forgetting about them. They both have less than £1000 in each, I was wondering if I can withdraw from them as they don’t get paid into anymore.1 -
@QrizB 30s0
-
In which case, no you cant draw them. But you can transfer them them to consolidate in one.LadyChatterley said:@QrizB 30sI 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.2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards