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surrey pension to drawdown?
promptish
Posts: 5 Forumite
Hello you brainy people, Have a surrey pension but not retired yet.no probs with value and other income etc,but, should I retire and then decide to go back to work,having started the pension,it will mean lots of tax of course. So is it possible to turn this into a drawdown product with all it's flexibility?
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Comments
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What is a "surrey" pension?0
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Surrey is part of a LGPS
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Isnt Surrey a county?0
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OP, I think you might need to provide a little more detail to get any meaningful response.I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.0
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No.But you can put all your earned income (with in limits) from the job you get into a DC pension then you can flexi drawdown that money.0
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There are a number of occupational pensions that have Surrey in the name. However, its most likely the LGPS as as number of counties refer to the LGPS as the "county" pension.no probs with value and other income etc,It doesnt have a value.So is it possible to turn this into a drawdown product with all it's flexibility?No.
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.0 -
ok guys,thanks for your help !Got the info I needed from elsewhere.Apparently it's a very straightforward question ,as is the answer.0
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