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Pension

Can I take 25% tax free of my pension and put the remainder into another existing pension?

Comments

  • Dazed_and_C0nfused
    Dazed_and_C0nfused Posts: 18,524 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    Lonnie_3 said:
    Can I take 25% tax free of my pension and put the remainder into another existing pension?
    Is this a defined benefit or defined contribution pension?
  • DRS1
    DRS1 Posts: 2,087 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Lonnie_3 said:
    Can I take 25% tax free of my pension and put the remainder into another existing pension?
    Why not leave the remainder where it is?

    How old are you?
  • Marcon
    Marcon Posts: 15,346 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    Lonnie_3 said:
    Can I take 25% tax free of my pension and put the remainder into another existing pension?
    What are you trying to achieve by doing that? It's easier to answer a question helpfully when the poster says what their objective is - that way any misconceptions can often be addressed much more readily.
    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
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