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Hi peeps. i need a little help through this minefield of pensions.i resigned from the fire servive after serving 23 years. my pension is then froze ( deferred) until i am 60. New rule involving pensins suggest i can release part of my pension at the age of 55 as a lump sum. i have heard different advice some saying yes i can and others saying no i cant. Has anyone done this or know the answer to this problem. i thank you for your help and in reading this post

Originally posted by wriggs
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The new pension reforms do not apply to this pension, as it is an unfunded defined benefit pension.
The only option you may have is taking an early pension from the fire service.
This early pension, if available, will likely have a significant reduction in value on the pension that you would have got at age 60.
I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.