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Pension Query
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ForestHillier


Posts: 490
Joined: Jul 2010
Post: #1
20-02-2018 09:01 AM

Morning All,

Wonder if one of you could assist me with below

If I were to take 25% tax free lump sum from my final salary pension between ages 60-65 and carry on working, could I leave the rest to take in pension at 65 or do I need to take the pension as soon as I take the lump sum

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Redalways


Posts: 85
Joined: Mar 2007
Post: #2
20-02-2018 07:05 PM

It depends on the Trust Deed and Rules. Check with your employer. The kind of Flexible Drawdown that you are describing usually means that you may need to convert your valuable DB pension into a SIPP, which may be a risk for you.

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