Pension Small Pots Query
Pension Small Pots Query
Author
Discussion

Venisonpie

Original Poster:

4,713 posts

110 months

Wednesday 8th July
quotequote all
I turn 55 in September and am reviewing options - I have 11 pension plans from various employers five of which are < £10k in value (result of several short term contracts).

The rules seem to allow tax free withdrawls from 3 pots under the small pots process however am I able to consolidate the 5 into 3 to maximise the benefit?

monthou

5,317 posts

78 months

Wednesday 8th July
quotequote all
The 3 pots limit is for personal pensions. There's no limit on the number of employers' schemes you can take.
Not an F.A.