The last company I worked for (I'm in in the United Kingdom) had one of those schemes where the company puts a certain amount of money every month into a pension fund. I quit my job and now I keep getting letters about my fund. It's not a huge sum, just a couple thousand pounds.

I don't want a pension fund, and want to cash it in if at all possible. (I know most of you will not understand this but I don't want to discuss it so if you choose to answer please respect my wishes.)

I've asked around, and it seems I can get it transferred, but I haven't found a way to extract any money from it. Is there any way to cash it in? I will gladly take £100 now rather than shut it down. (As I mentioned, keeping it open is not an option.)

Is there any strategy I may have missed? e.g. would I possibly be able to transfer the funds to someone else? (Maybe in exchange for cash?)

  • 2
    Did you ask the benefits department of the company? In the states, some pensions have such a cash-out option, and some are locked in till retirement. Only your company can tell you the options you have. – JTP - Apologise to Monica Jul 5 '14 at 23:03

For "Small" or "Trivial" pensions you may be able to do this the rules recently changed check the pensions advisory service.


  • "as long as the provider allows" - as I commented. – JTP - Apologise to Monica Jul 6 '14 at 22:52
  • @JoeTaxpayer well they have just announced major changes to the UK pension system so that might not apply in the near future - the details are still being worked out – Pepone Jul 7 '14 at 23:37

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.