TIFF

Just wondering...............

I have some money.....Not much but a bit.............In a pension scheme with HSBC bank..

And tbh i dont think pensions are worth a wank so want to put the money elsewhere.

Can you release it early????

TrevCos

iTrader: (1)

I don't think you can mate, a pension is for life, not just for Christmas.

Worth checking with them but I think all you can do is freeze it so you don't pay any more in but you still have to wait til retirement, or transfer it's value into say a company scheme. I don't think you can draw on it.

gus

iTrader: (1)

would be very interested to know this also



i have about 12k sitting there i put the pension on "holiday" as they called it


dont think its worth starting up again as tiff says, would rather put else where also


like lottery tickets for instance

TrevCos

iTrader: (1)

Wish I could win the lottery, I'm back at work on Tuesday and just the thought of it now is pissing me off.

These bank pensions are a ripoff if you have a company scheme, they NEVER pay as much. I stopped one I had with TSB some years ago because it was worth bog all.

Alg1k

iTrader: (2)

U can freeze it and draw on it when your 55 i think

dangerous - reyland

Its either 50 or 55 - just call the pension mangers

Ginge !

so not long for tiff then hey

tiff just set a reminder in the pda for 20 years time mate,,,, will be drawing that cash in NO time at all

plynchy

Can't touch it till your 50 mate.

Shite I know, was in the same boat when I bought my house.

gus

iTrader: (1)

shite, 50 !!!!




damm advisor, told me that was a good thing to put me money into all them years ago




20 years to wait then

plynchy

Yep, I wanted to pull mine and put it into another property, would make more long term.

Bugger.

James-W

My pension is in my properties.