http://www.askaboutmoney.com/showthread.php?t=167253
As my problem is not directly associated with the above, but is also that I cannot access my pension as I would wish.
I am coming up 66 years old next month and now retired. I have two private pensions in the UK totalling about 31k sterling.
I have been diagnosed with an incurable cancer (cancer of the bone marrow) and am currently in complete remission after drugs, chemotherapy and a bone marrow transplant.
Estimates are that I have up to six years before the cancer take a grip again and probable death.
I want to make use of all my pension fund before I die. Why should I leave any balance to some annuity company, especially if I die much earlier. But there does not seem to be a way of getting at it. Further more, I am entitled to a state pension.
I am single, and do not have any family to leave any surplus to.
I also had my house repossessed back in the late eighties. If I had been able to access some of the funds then, I would have been able to keep the house.
My advice to any single person is do not have a private pension as you just cannot get the money as and when you want to at retirement age. Look for something else - a good deposit account or something. IMHO. the benefits of being able to access some money when you want far outweighs the few saving you get by way of tax relief.
Any comments or advice?
As my problem is not directly associated with the above, but is also that I cannot access my pension as I would wish.
I am coming up 66 years old next month and now retired. I have two private pensions in the UK totalling about 31k sterling.
I have been diagnosed with an incurable cancer (cancer of the bone marrow) and am currently in complete remission after drugs, chemotherapy and a bone marrow transplant.
Estimates are that I have up to six years before the cancer take a grip again and probable death.
I want to make use of all my pension fund before I die. Why should I leave any balance to some annuity company, especially if I die much earlier. But there does not seem to be a way of getting at it. Further more, I am entitled to a state pension.
I am single, and do not have any family to leave any surplus to.
I also had my house repossessed back in the late eighties. If I had been able to access some of the funds then, I would have been able to keep the house.
My advice to any single person is do not have a private pension as you just cannot get the money as and when you want to at retirement age. Look for something else - a good deposit account or something. IMHO. the benefits of being able to access some money when you want far outweighs the few saving you get by way of tax relief.
Any comments or advice?