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 …

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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, …

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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 …

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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 …

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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, …

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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 …

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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 …

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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 …

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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. …

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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 …

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