M
mike47
Guest
Hi, This is my first post so please bear with me and thanks in advance for reading.
I have just retired from self employment and would like to cash in my private pension policy of £17,486 (with AXA). I have looked up 'triviality' on the net but can't find out how to go about it. Do I need an IFA? I think I qualify to use this option as I'm 60 and this is my only pension which is worth less than £18,000.
I've recieved a summary from AXA explaining my options - Buy an anninuity, Open market, 25% lump sum. But no mention of trivality?
Thanks in advance, Mike.
I have just retired from self employment and would like to cash in my private pension policy of £17,486 (with AXA). I have looked up 'triviality' on the net but can't find out how to go about it. Do I need an IFA? I think I qualify to use this option as I'm 60 and this is my only pension which is worth less than £18,000.
I've recieved a summary from AXA explaining my options - Buy an anninuity, Open market, 25% lump sum. But no mention of trivality?
Thanks in advance, Mike.