can I take a lump sum from my private pension?

Yes, this is always possible. To use the tax benefits, however, it would be necessary to own the plan for more than 12 years and wait for the payout until you are 63.

At Horizon65 we can help you to determine if company pensions are worth it for you by using our mobile app to simulate its effect on your future taking into your existing investments and potential impact of inflation and taxation.

We regularly help our clients by comparing all the available company pension products on the market using our comparison portal or you can also directly get in touch with our experts to understand if it can be a good option for you.

 

Similar Questions

can I take my private pension and still work?

As a completely private contract, your private pension is in no way dependent on your work. If you work or not is of no concern fo...
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can I take all my private pension at 55?

Yes, if you want to do so.
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can I sell my private pension?

That is not directly possible. But you can quit the contract and receive the capital as an immediate payout.
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