Pension

[Alan1]

I have just been told that I cannot have my full pension over £50k in one go taxed of course. I have been given the option of only 6k tax free and the rest as an annual pension.i was 55 in february and this is over 3 weeks. Why can I not have the first 12.5 k tax free and the rest taxed?

[bednobs]

you are asking the wrong people

[fiction-factory]

I think this has been superseded now by Alan's newer question

[EDDIE51]

When you started the pension scheme ,all the conditions such as this would have been set out . The insurance company sets its terms and conditions when you start the policy ! So you signed up for it ! If you did not bother to read them , that is your fault !

[Peter Pedant]

because the rules say you cant
I would have thought

you can take all your pension under the usual rules in one go if it is small - fifty k isnt

[ubasses]

In your other thread you say 'after annuity', does that mean you have signed up to an Annuity.?

[fiction-factory]

I think alan has found the answer now
https://www.theanswerbank.co.uk/Business-and-Finance/Question1698940.html
I remember quite a few threads on this last year and earlier this year where you were going to get quotes for a lump sum. Did you ever receive those quotes?