I am writing on behalf of a friend who is in a serious cash flow situation as a self employed person and has asked if he can do anything with his pension. I list below the main points;
Age - will be 65 in summer 2010
- Has defined contribution funds of c. 140k
- Had a 10 year with profit contract valued at c. 140k which expired 31/12/09. I am assuming this is treated the same as a standard DC pension fund ?
- Has a defined benefit pension of c. 25k .
Is there anything that can be done to free up some cash... or has anyone any suggestions ?
Thanks in advance.
Age - will be 65 in summer 2010
- Has defined contribution funds of c. 140k
- Had a 10 year with profit contract valued at c. 140k which expired 31/12/09. I am assuming this is treated the same as a standard DC pension fund ?
- Has a defined benefit pension of c. 25k .
Is there anything that can be done to free up some cash... or has anyone any suggestions ?
Thanks in advance.