Jamz3k

In a previous job I joined a stakeholder pension plan. 2 years from leaving the job, i've found the paper work regarding it and rang up the company Standard Life to check out what the current state of play is. Apparently I have just shy of 3grand being invested with them. What can I do with it? They have told me I can't cancel the plan and release the cash but really 3grand in a pension plan isn't gonna do much!

What should I do about it? are they right that it can't be touched?

XRS

As I understand it, when you hit 55 you can take out 25% in cash and the rest goes to buying an annuity. You may also be able to transfer it into your current pension pot.

I am retired, not a financial adviser

fast bloke

If it is worth less than 15k when you hit 55, it will be considered a trivial pension and you can get a cheque for the whole amount. Now you might be able to transfer it if you have alternative existing arrangements if you have any?