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Pension Advice
minx.1904
Posts: 1 Newbie
HI
I HAVE A STAKEHOLDER PENSION WITH HSBC & WANT TO CASH IT IN AS IM NO LONGER PAYING ANYTHING IN.
I RECIEVED A LETTER FROM THE BANK SAYING I CANT HAVE MY MONEY BACK TILL IM 50-75.
IS THIS CORRECT?
WOULD APPRECIATE ANY ADVICE
THANKS
I HAVE A STAKEHOLDER PENSION WITH HSBC & WANT TO CASH IT IN AS IM NO LONGER PAYING ANYTHING IN.
I RECIEVED A LETTER FROM THE BANK SAYING I CANT HAVE MY MONEY BACK TILL IM 50-75.
IS THIS CORRECT?
WOULD APPRECIATE ANY ADVICE
THANKS
0
Comments
-
yes.. you can't get money out of a pension until you're 50 ..but soon to be 550
-
The Govt doesn't give tax relief and tax free growth to allow people then to cash it in early to spend on other things.
Hence why its called a pension.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
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