GazTheHat

So i've called up my pension from a previous company (public sector). I wanted to withdraw my pension.

They said i can only draw it when i'm 60

Or i can transfer it to another pension. Is there anyway i can get at this money??

michaelro

Not directly AFAIK.

I have 2, one with my last public sector company which is frozen and one with my current one.

If it's a final salary scheme, is it not better to leave it there?

SunnySideUp

Yeah, you cannot take Early Retirement from somewhere you are not retiring from .... if it's Public Sector I would leave it be

GazTheHat

I saw the last statement and was counting on using that money. I'd heard from a friend who worked for that company that he took his out.

Had a brief read of that link and couldn't see anything relevant.

Desperately need to get at it.

SunnySideUp

He didn't take it out, in cash after he had left though, did he?

Midlife......

iTrader: (2)

The only thing you can do is transfer it to another public sector pension.........or wait until you are of pensionable age.

Public sector Pensions don't actually have any cash in them, it's just a set of numbers held in Southport and todays pensions are paid for by the tax revenue at the time.

Were you expecting an 80th of your final salary for each year worked?

Shaun