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Scottish Trust Deed Forum
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Topic starter
30/05/2012 1:44 pm
Hi there
I paid into my company's pension scheme for about six years before stopping payments.
The money that I paid into the scheme is now frozen but I am always hearing adverts about releasing pension funds.
Now I don't know what the regulations are but should I make my IP aware of the pension funds as they may be able to release some of these funds and put this towards my TD
As I said I don't know the rules about releasing pension funds and I may be too young to do this, I am 36
30/05/2012 3:02 pm
Hi gresgow
Pension law is fairly complex, but generally they are excluded from Trust Deeds.
If they were converted to funds pre retirement, then I suspect your trustee would take an interest in these as income.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
30/05/2012 5:39 pm
You generally need to be at least 55 years old to release funds from a pension anyway I believe.
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