Hello new member here seeking advice on pension rights

[Joanne29]

Hello does anyone know who I can turn too for sound pension advice regarding been medically retired from the Halifax

thanks in advance Jo

[seduraed]

Re: Hello new member here seeking advice on pension rights

Sory youpost is not clear .
DoI have this Correct ?
1) you have been retired on medical grounds
2) you have a pension with Halifax/ BAnkof scotland

First of all it will depend on your age I dont think you can draw a pension down at all until you are 50. Then atere are all charges and annuity stuff . Cant give you any further advice except that if the sum in your pot is large it might be worth talking to a fee based independant financial advisor . Anyone who who rings you up offering insvestment advice for your pension is a scammer and you will in all likelyhood never see your money again . Remeber there limits to taxfree draw down amounts and you can lose all the extra drawdon amounts in tax liability .

[Joanne29]

Re: Hello new member here seeking advice on pension rights

many thanks my query is really can someone retire medically before the age of 50 QUOTE=seduraed;575889]Sory youpost is not clear .
DoI have this Correct ?
1) you have been retired on medical grounds
2) you have a pension with Halifax/ BAnkof scotland

First of all it will depend on your age I dont think you can draw a pension down at all until you are 50. Then atere are all charges and annuity stuff . Cant give you any further advice except that if the sum in your pot is large it might be worth talking to a fee based independant financial advisor . Anyone who who rings you up offering insvestment advice for your pension is a scammer and you will in all likelyhood never see your money again . Remeber there limits to taxfree draw down amounts and you can lose all the extra drawdon amounts in tax liability .[/QUOTE]

[des8]

Re: Hello new member here seeking advice on pension rights

The answer to the revised question is "Yes, but..........."
A lot depends on the rules of your pension fund
You might find the answer to your questions here: http://www.pensionsadvisoryservice.o...nge/ill-health