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What Can I do with a small personal pension?
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Thanks for your reply Jem. Yes he did know. He had the latest summaries from both pensions given to him at the same time! oops0
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My own IFA advised that I would be able to receive the entire value of the pension back as a lump sum as long as the total value stayed below 16k. When i got in touch with Scottish Widows regarding his advice it was they who informed me of the 25% lump sum only and the rest in half yearly amounts. Thankyou to all who advised!
Triviality rules only kick in at 60. You are 50.
Also, its ALL your pensions being valued at under 1% of the lifetime allowance. Not just individual ones. The NHS would almost certainly take you through that.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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