Accessing your money

I’ve a protected pension commencement lump sum (PCLS) which means I can take more than 25% of my pot as tax-free cash. What happens if I take this as a flexible lump sum?

If you use your savings for a flexible lump sum payment (UFPLS) with us: You’d lose this higher entitlement as …

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Are there charges for withdrawing my pension savings?

No. We don’t charge if you decide to access your pension pot. To get the most from your pension when …

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My partner has died, when will I receive his/her death benefits?

We can’t put a timescale on processing death claims as each claim is viewed on an individual basis. This depends …

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Where can I find a beneficiary form?

You can download a beneficiary form. You’ll need to fill it in and send to: Freepost THE PEOPLES PENSION Manor …

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What happens when I reach retirement age?

We’ll write to you 6 months before you reach your selected retirement age. Our pack will explain what options you …

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What documents do you need to prove my bank account?

Anti-money laundering requirements mean that we require evidence of your bank account ie a copy of a bank statement (PDF …

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Can I cash in my pension pot?

Yes, your normal minimum pension age, you can take your whole pension pot and use it however you want. However …

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Where does my pension go if I die before I retire?

You can make sure your loved ones and/or a favourite charity receives your retirement savings if you die before you …

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How much tax will I pay on my pension?

If you choose to withdraw some or all of your pension fund as a lump sum, the first 25% will …

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Is there an age limit for accessing my pension pot?

There’s no deadline by which you have to make a decision. You can leave your pension pot invested and make …

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