Lump Sum into Pension and Then take pot

DE_612183

As the title suggests - is there anything stopping me from paying £25k into my pension pot , and then a few weeks later kicking off an option to take the funds?

dunstonh

Nothing stops you from doing it the next day, providing you meet contribution criteria.  Indeed, there used to be products that did this (IVPPPs - immediate vesting personal pensions). 

jlfrs01

I did exactly this from my company bank account as a tax efficient way of getting the money out 

Albermarle

DE_612183 said:

As the title suggests - is there anything stopping me from paying £25k into my pension pot , and then a few weeks later kicking off an option to take the funds?

With some providers the tax relief will not arrive in the account for a few weeks, so if you were intending taking the whole pension out, it would probably be better to wait until it arrives.