Drawing down lump sum from pension

[time to plan]

I have concerns about what our next Government might do, assuming SF get elected, so I think I'd be looking at getting the tax free lump sum out, tbh.

A bit too early to panic now in my opinion. There needs to be an election, coalition negotiations and then legislation. Plenty of time to bail out before that, if it's ever needed.

 

[MrEarl]

A bot too early to panic now in my opinion. There needs to be an election, coalition negotiations and then legislation. Plenty of time to bail out before that, if it's ever needed.

Maybe, but better to plan early etc.

I'm not sure how much notice would need to be given, but I've a feeling it's a matter of months, rather than weeks, before the lump sum is paid out. Perhaps one of our resident pension experts can confirm?

 

[Conan]

Maybe, but better to plan early etc.

I'm not sure how much notice would need to be given, but I've a feeling it's a matter of months, rather than weeks, before the lump sum is paid out. Perhaps one of our resident pension experts can confirm?

Definitely only a matter of weeks (assuming you are entitled to encash).