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Lump sum only at 55

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
xpostman
Posts: 3
Joined: 05 Feb 2014, 22:05
Gender: Male

Lump sum only at 55

Post by xpostman »

I will be 55 next year with just over 28 years service. I would like take the lump sum at 55 but take my annual pension at 60, will my annual pension be affected if i do this?
heapsy
Posts: 2949
Joined: 02 Jun 2007, 23:40
Gender: Male
Location: Drinking with Gangsters

Re: Lump sum only at 55

Post by heapsy »

Put simply, you cannot do it. Only if you take your pension will you be able to access the lump sum.