Accessing your money
I was going to claim a small pot lump sum but the fund value has just gone over £10,000. What can I do?
Under the rules, a small pot lump sum must be £10,000 or less. If it’s over £10,000, you could take …
What happens to my pension pot if I die?
You can make sure your loved ones and/or a favourite charity receives your retirement savings if you die before you …
I’ve named a beneficiary but I’ve been told that my nomination isn’t legally binding on the Trustee. If the Trustee decides not to pay out my pot to my beneficiary, who else would they pay it out to?
The payment of a fund on death is at the absolute discretion of the Trustee. In the event of your …
How do I take my pension savings as a small pot lump sum?
Don’t forget, hasty decisions about your pension savings could have an impact on your future. If you’re looking for advice, …
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 …
Is taking my whole pot as a lump sum right for me?
We can’t provide you with advice on this matter. Pension Wise can give you guidance on your options or you …
How will accessing my pension pot affect my means-tested benefits?
Withdrawals from your pot may have implications on your entitlement to means-tested benefits. There are rules around how your withdrawals …
How do I query the tax I’ve paid on my lump sum?
If you have any queries about the tax you’ve paid, or if you think you have paid too much tax, …
Can I continue to work after accessing my pension?
You may think that retirement is simply stopping work at 65 and taking your pension. Not at all. You don’t …
What happens if you can’t find my beneficiary in the event of my death?
People’s Partnership is a non-profit making organisation dedicated solely to the financial wellbeing of our members and their dependants. We’ll …