Pension?

Author
Discussion

andy67b

Original Poster:

61 posts

117 months

Friday 17th February 2017
quotequote all
Hopefully somebody out there can answer my question for me, I currently have 3 Pensions. 1st is a final salary pension which has been frozen due change of employer. 2nd is a company pension (Current) which I'm still paying into and the 3rd is a private that I also pay into. My question is, once I reach my retirement age can I take the tax free 25% lump sum from each of the 3 separate pensions or not?

PurpleMoonlight

22,362 posts

158 months

Friday 17th February 2017
quotequote all
Yes you can take the lump sum from each independently.

The final salary wont be 25% though, it will be linked to the membership period and the final pensionable salary.

andy67b

Original Poster:

61 posts

117 months

Friday 17th February 2017
quotequote all
Thanks for your reply.