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  • FIRST POST
    • windowman58
    • By windowman58 7th Mar 18, 5:12 PM
    • 17Posts
    • 1Thanks
    windowman58
    Trivial commutation
    • #1
    • 7th Mar 18, 5:12 PM
    Trivial commutation 7th Mar 18 at 5:12 PM
    Just, wondering how many of the trivials you can take , not decided in a previous post to take my lump,sum or let them keep paying my pension even though they want to get shot of small pensions , so if I take this one as a lump sum and it is all finished and no further pensions , does this prevent me taking another trivial commutation ,on another pension,
Page 1
    • xylophone
    • By xylophone 7th Mar 18, 6:09 PM
    • 25,371 Posts
    • 14,967 Thanks
    xylophone
    • #2
    • 7th Mar 18, 6:09 PM
    • #2
    • 7th Mar 18, 6:09 PM
    See and read very carefully

    https://www.litrg.org.uk/tax-guides/pensioners-and-tax/how-do-i-cash-my-small-pension-trivial-commutation
    • H&C
    • By H&C 7th Mar 18, 6:21 PM
    • 8 Posts
    • 0 Thanks
    H&C
    • #3
    • 7th Mar 18, 6:21 PM
    • #3
    • 7th Mar 18, 6:21 PM
    Also have a look at The Pensions Advisory Service website:
    Go to......Home > About Pensions > Retirement Choices > The right choice for me? > Taking a small pension as a cash lump sum.

    "Rules on taking a small pension as a cash lump sum you may be able to take the whole of your pension as a trivial commutation lump sum if:
    You’re aged at least 55, or you’re retiring at an earlier age because of ill-health; and the value of all your pension benefits (including defined contribution pensions and pensions already in payment, but ignoring any State Pension) when added together do not exceed £30,000 in total.

    You may be able to take the whole of your pension as a small pot if you’re aged at least 55, or you are retiring at an earlier age because of ill-health; and the value of your pension arrangement does not exceed £10,000.

    Unlike trivial commutation, you do not have to take into account any other pension benefits you may have, when giving up a pension for a small pot. The Government will allow you to give up three pension arrangements under the small pots rule"
    • Brynsam
    • By Brynsam 7th Mar 18, 8:57 PM
    • 919 Posts
    • 604 Thanks
    Brynsam
    • #4
    • 7th Mar 18, 8:57 PM
    • #4
    • 7th Mar 18, 8:57 PM
    Seems to be identical to the question you asked earlier today....? Answers haven't changed!
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