What’s a small pot lump sum and how many of them can I take?

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:

  • With occupational pension pots (like The People’s Pension), you can take as many as you want as small pot lump sums.
  • But you can only take up to 3 personal pension pots as small pot lump sums in your lifetime.

Find out more about taking your pot all in one go

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