Pension

Padc

I paid into a pension for about 7 years until 2010 when I was made redundant. Is it possible to release that pension now. Or what options do I have. I'm 32.

Atlantic Dawn

Not unless you are seriously ill. There's a cut off point of 2 years where you can get refunded, other than that it's stuck until retirement age.

EGavigan

It's incorrect to say that he has to wait until retirement age.

Assuming that you were a member of an occupational pension scheme, if you leave the employment you can mature your pension under early retirement from age 50. You can also mature early with some other products. If you want definitive advice you need to meet with a competent advisor.

This is a good illustration of the wisdom of seeking financial advice on the internet. The above incorrect answer has been here since 14 February and nobody knew enough to correct it.

Cheap can be very expensive.

ANXIOUS

EGavigan wrote: »

It's incorrect to say that he has to wait until retirement age.

Assuming that you were a member of an occupational pension scheme, if you leave the employment you can mature your pension under early retirement from age 50. You can also mature early with some other products. If you want definitive advice you need to meet with a competent advisor.

This is a good illustration of the wisdom of seeking financial advice on the internet. The above incorrect answer has been here since 14 February and nobody knew enough to correct it.

Cheap can be very expensive.

Amuse me, what products can 'mature' retirement benefits before 50?

EGavigan

ANXIOUS wrote: »

Amuse me, what products can 'mature' retirement benefits before 50?

I don't see any mention of maturing before age 50.