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Posted: Wed Nov 18, 2009 8:15 pm
by floridaholiday
Hi, Hubby has been paying into company pension for last 21 years he is 45. The pension fund is worth £37000. Does anyone know if it is possible to cash in part of it. We would use it to offer a full and final.
Posted: Wed Nov 18, 2009 9:02 pm
by Cybus
You will have to review the terms of the policy.
There are some policies that allow a tax free lump sum to be drawn from them, but at 45, I believe your husband would be too young to take advantage of that.
Posted: Wed Nov 18, 2009 9:14 pm
by Choice1
50 yrs old the minimum, rising to 55 in April next year
Posted: Wed Nov 18, 2009 11:25 pm
by MRBLUESKY
there is that purple thing again.if it starts rising i fear it will turn into the BLOB.[:0]
Posted: Wed Nov 18, 2009 11:30 pm
by MRBLUESKY
welcome choice 1 you are blob on.
Posted: Thu Nov 19, 2009 8:43 am
by kallis3
If it's public sector then he would probably have to meet the 85 rule, and the minimum age for that is 55.