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 …
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 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, …
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 …
Can I nominate my partner/spouse to receive an income after I die?
No, we do not currently support continued income to beneficiaries. If you were to die before taking your benefits, the …
Do I pay income tax when I’m retired?
If your income in retirement (whether it’s paid from a pension, a part-time job or your investments) is above the …
Will taking my pension affect my State Pension?
Your State Pension is based on your National Insurance contribution history and is separate from any of your private pensions. …
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 …