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old pension
mclanark
Posts: 11 Forumite
hi i have a old pension that i have not paid into for about 9 years i was wondering if it was possable to csah the scheme in for a lump sum
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Comments
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Not normally.You can't usually get money out of a pension once it goes in.
At the age of 50 (55 from 2010), you can get 25% out in tax free cash.
At 60, if you only have the one small pension worth under around 17k, you can take it all out in cash, of which 75% will be taxed.Trying to keep it simple...
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