- Helping members of occupational pension schemes to better understand their benefits.

23rd May 2019
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This thread: Can I cash in my Company pension? Post No.
24/06/2017 19:16

Post Count: 1
Join Date: 24/06/2017

 I took a tax free lump sum and now receive a small monthly amount which is not enough to live on.  Is there a way that I can take the rest of my pot as a lump sum?  I know it will be subject to tax, but everywhere I turn, I am told that because the pension is in payment, I have no choice but to continue receiving my small monthly amount.

03/03/2018 20:32

Post Count: 1
Join Date: 03/03/2018

I'm afraid you are being told that at every turn because it is correct. You cannot cash in a pension which is in payment, as yours is.


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