"How do I take my pension savings as a small pot lump sum?"

If you’re over your normal minimum pension age, and have £10,000 or less saved in your pension when you choose to access it, you may be able to take it as a ‘small pot lump sum’.

Don’t forget, hasty decisions about your pension savings could have an impact on your future. If you’re looking for advice, Pension Wise offer free impartial guidance online, over the phone or face-to-face.

If you’re experiencing financial difficulties, it’s worth exploring any other savings you might have before taking your pension savings and looking at what other sources of support are in place. More information can be found on the MoneyHelper website.

Before you’re able to take your money, all contributions into your pension must have stopped. You’ll need to let your employer know you’d like to leave the pension scheme before you start taking your pension. Find out more if you think contributions are still being paid by your employer.

Find out more about taking your pension savings all in one go as a small pot lump sum.