Taking money from your pension?

Taking money from your pension?

Author
Discussion

Bollah

Original Poster:

558 posts

189 months

Wednesday 8th July 2009
quotequote all
Is it possible to take money out of your pension before you retire? I ask, as i only have a small amount (no more than 2k max) and would like to get my hands on this, so i can help my parents out, as they are having financial difficulty with there current suitation and don't want them to sell their retirement flat in Thailand, due to the lack of work my dad is getting and would rather they stay out in Thailand and have a happy retirement, instead of coming back to the UK.

I have read if you're over 50 you can get access to some of it, but i'm only 29, so i don't think this is possible?

Over to the knowledgeable folks smile

W1TAK

277 posts

221 months

Thursday 9th July 2009
quotequote all
I think if your fund is worth less than £10k you can get your hands on all of it but you do have to be over a certain age, either 50 or 60.