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Withdraw pensions as cash?

Hi,

In my line of work I tend to move jobs alot (fix problem, feet up, get bored, move on) and I've accumulated 5 personal pension plans with 12 -

24 months worth of contributions in each.

I'm 28 and would really rather use this money to add value to the house I've just bought - I understand this is probably some horrible idea which will result in me being a 65 year old hobo, however....

Is there a way for me to get my grubby mitts on the funds tied up in these various funds taken out between 2000 and present?

Many thanks for any info.

regards

Alex

Reply to
mooncatoscar
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Short answer: no.

Reply to
GB

Does this imply there is a long answer which may possibly not be no?

Isn't there some type of provision for taking the money out of a company scheme if you've paid into it for less than two years?

Reply to
Trust No One

No

Reply to
GB

"Trust No One" wrote

Yes, it's called a "refund of member contributions". BUT it only applies to company schemes, not "personal pension plans" as the OP said (s)he had...

Reply to
Tim

Thanks for all the replies

aplogies if I've mis-named something - these are all

" Group Personal Pension Plans / Scheme "

regards

Reply to
mooncatoscar

aplogies if I've mis-named something - these are all

" Group Personal Pension Plans / Scheme "

regards

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If they are personal pension plans, the answer is still no.

Reply to
GB

Thanks for all the replies

aplogies if I've mis-named something - these are all

" Group Personal Pension Plans / Scheme "

regards

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Since you won't rest, here is the reference in the RPSM:

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Reply to
GB

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thanks for all the info GB - much appreciated.

Reply to
mooncatoscar

"GB" wrote

And notice that " Group Personal Pension Plans / Scheme" are *not* "occupational pension schemes", even if the company pays into them.

Reply to
Tim

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