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Pension pot
mark797
Posts: 1 Newbie
I am due to be made redundant at the end of 2008, at that time my pension pot will be at circa £14000. If I do not work (full time) again am I able to access this fund or would it be better frozen until a later date.
0
Comments
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Hi.
How long where you at the company? If it is less than 2 years you may be able to take a refund of the value of any contributions you made less tax.
Otherwise you cannot access the pension until retirement. Currently the minimum retirement age is 50, but that will be increasing to 55 from 6 April 2010.I have worked for 5 years as a Pension Administrator and then a further year in a non-administrator pension role. I am not (and never have been) an adviser. Do not take anything I say as advice, it is information given on the best of my knowledge.0
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