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. Jul 5, 2014 at 23:03

1 Answer 1


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. Jul 6, 2014 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, 2014 at 23:37

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