I have an AA Pension that i froze when I left the aa in 1998. Can I cash it in?
2006-10-06 02:59:03 · 7 answers · asked by dizzycheeks 2 in Business & Finance ➔ Personal Finance
You can only cash itin if you worked less than 2 year with AA. If it is a final salary scheme you are better to leave it where it is - better pension on retirement. If you are 55 or above you could take you pension now. People do not realise once you pay into a pension you can not have access to the fund until they are 55.
2006-10-07 05:24:42 · answer #1 · answered by Anonymous · 0⤊ 0⤋
By froze you mean it has been Vested? Locked in until a specific year (usually equal to date of employment retirement). If vested, no you are stuck waiting til the date you retire. However, speak to the admin office that handles these, they can state for sure whether or not you can cash in.
2006-10-06 10:03:34 · answer #2 · answered by dustiiart 5 · 0⤊ 0⤋
No you can't. I left one of my previous employers a couple of years ago, they will not release the money I paid into the pension until I die or reach 65 years of age.
2006-10-06 10:08:10 · answer #3 · answered by k 7 · 0⤊ 0⤋
Only if you are 50 or over. You can always transfer it to another pension provider if you are not happy with the performance.
2006-10-06 10:07:20 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You sure can, but you will have stiff penalties depending on your age. You should discuss with the pension administrator.
2006-10-06 10:00:37 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Now you sure get all pension while you leave job,contribution is before years. visit- http://www.frozen-pension-finder.co.uk/
2014-08-25 05:01:37 · answer #6 · answered by Anonymous · 0⤊ 0⤋
no
2006-10-06 10:01:01 · answer #7 · answered by taekwondo 1 · 0⤊ 0⤋