Age to access pension - simple query

Albermarle

jscol said:

In haven't thought about this but I suspect I should. 
I could open 1 to 3 SIPPS in my wife's name. Get the benefit of tax relief (she's a 20% tax payer) and take the cash when she's 57.
This seems a bit of a no brained for anyone with a public sector pension and the potential to save a bit more?
Are there any pitfalls that I am missing? 
I will exceed LTA in next few years so can only do this in my wife's name. 

Make sure the provider allows for withdrawals under the small pot rule.
Also add less than £10K ( including tax relief) in case the pot grows.
FYI , I added £7K to mine, then £1750 was added in tax relief.
Your wife will have to be earning at least £8750 from employment to be able to do this.

jscol

Actually I think I've misunderstood. 
I thought you could take "small pots" tax free - even if still working. 
However having read about it today I understand its still 25% tax free and the remainder is taxed at marginal rate. 
Therefore not quite the great deal I thought it was but still worth us exploring / understanding.
I guess if it was such a great offer everyone who could would do it.