Small pot lump sums

I’ve transferred a pension pot into your scheme, does a certain amount of time need to pass before I can take a small pot lump sum?

If the transfer was over 5 years ago, we can pay the lump sum. If the transfer to us was …

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Can I access my pension pot tax free if I’m a non-taxpayer?

You have the option to take 25% of the pension pot as tax-free cash. The remainder is added to the …

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I’ve confirmed on your claim form I’m a controlling director of an employer using The People’s Pension, or connected to such a person. Can I claim a small cash lump sum?

Anyone who is a controlling director (or connected to a controlling director) of an employer using The People’s Pension can’t …

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I’ve only got £200 in my pension pot – how do I cash it in?

Because of the coronavirus outbreak, The Financial Conduct Authority has put together some important information on their website. We’d recommend you …

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My employer has gone into administration, can I take a small pot lump sum?

Under HM Revenue & Customs (HMRC) rules, no benefits can remain in an occupational pension scheme (such as The People’s …

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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 under £10,000 or less. You could possibly wait to see …

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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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How do I take my pension savings as a small pot lump sum?

Because of the coronavirus outbreak, The Financial Conduct Authority has put together some important information on their website. We’d recommend you …

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