If you have £10,000 or less in your pension pot and you want to take it all in one go – you may be able to take it as a ‘small pot lump sum’ – as long as you meet all of HM Revenue & Customs’ (HMRC’s) rules about when a small pot lump sum can be taken. There are different rules depending on what type of pension you have:

• For each occupational pension pot you own (like The People’s Pension), you can take the proceeds as a small pot lump sum once you’ve stopped paying in. You can do this once for each pot.
• For personal pension pots, you’re limited to taking a maximum of 3 pots as small pot lump sums in your lifetime.

Find out more about taking your pot all in one go