Donate SIGN UP

Early release of pension fund

Avatar Image
kevgerlan | 13:58 Fri 06th May 2011 | Business & Finance
3 Answers
I started a pension when I was 18, with Standard Life. I was made redundant recently and I am now struggling for cash, is there anyway I can release the pension, according to standard life, the only way of getting it before I am 65 is if I die. I am currently 25.
Gravatar

Answers

1 to 3 of 3rss feed

Best Answer

No best answer has yet been selected by kevgerlan. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
well, you would have thought the pension company would know the rules of their own pension policy, rather than random strangers but hey ho!
generally, you can get hold of pensions till you retire and are of pensionable age
your normal retirement age is set when you take out the policy, in this case it was 65, it does not have to be 65 but whatever it is, that is when you can draw your pension. With 7 years contributions it won't be much anyway.
You can't touch any of the money until you are 55 and then you can only take 25%.

1 to 3 of 3rss feed

Do you know the answer?

Early release of pension fund

Answer Question >>

Related Questions

Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.