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Pension question
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dvb077
- Posts: 50
- Joined: 27 Mar 2009, 22:17
- Gender: Male
Pension question
is there ne chance the money which ive paid in to my pension i can take out at any point?
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Lincox
- EX ROYAL MAIL
- Posts: 3485
- Joined: 09 Jan 2008, 18:07
- Gender: Male
Re: Pension question
If you have less than two years service, you can take your own contributions less a tax deduction. After that, nil before you are 55 years of age. Then approx 25% of the underlying fund value dependant on which scheme you are in, plus a regular pension.
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RobertT
- EX ROYAL MAIL
- Posts: 6692
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Re: Pension question
You don't say which scheme you're in or how much it's worth, but you may be able to take all the money out if you're are aged 60 or over and the value of just your RM scheme is less than £2,000 or if the value of all your pensions (not including the state) totals less than £18,000.dvb077 wrote:is there ne chance the money which ive paid in to my pension i can take out at any point?
Some more info can be found here:
http://www.hmrc.gov.uk/pensionschemes/small-pen.htm" onclick="window.open(this.href);return false;
Links to all RM pension related websites are here