Collective plan small pot lump sum .

[jchewitt1967]

Hi , I'm looking to retire shortly and have been in the new pension since it started a couple of years ago. I took all my previous pensions a few years ago. My question is this , if I leave royal mail to retire can I take my entire collective plan using the "small pot rules:", so not to have an annuaty as the pot valve will be very low ? Thanks.

[heapsy]

Already been answered somewhere. But no you can't, although you can transfer to another scheme apparently.

[Jaggs]

Hi , I'm looking to retire shortly and have been in the new pension since it started a couple of years ago. I took all my previous pensions a few years ago. My question is this , if I leave royal mail to retire can I take my entire collective plan using the "small pot rules:", so not to have an annuaty as the pot valve will be very low ? Thanks.

To do that I imagine the plan would have to have some rules about small pot commutations like some DB schemes do but in none of the material I have read about the collective plan does it say something like this is available. You could achieve it yourself by requesting a transfer value and moving that to a SIPP and then taking it in one go from there.