Can you take money out a pension before retirement date?

oliel

Hi I have an old pension that I had pretty much forgotten about its current value is about £10k.  Am I able to get money out of it early?  Its aegon tsp buyout plan (from a former employment).   The retirement age on it is dated 2032.  

MX5huggy

How old are you in 2032? 

oliel

I will be 60  

Marcon

oliel said:

I will be 60  

There are several considerations here, so your best bet by far is to contact the people administering the policy and ask them. Unless you have what is known as a 'protected pension age' you won't be able to access the benefits until you reach age 57 (the minimum age is currently 55, but will rise to 57 on 6 April 2028). 

xylophone

https://www.aegon.co.uk/support/faq/Understanding-our-products/retirement-products/workplace-pensions/what-is-Trustee-proposed-Section-32-Buyout-plan-TPS32.html