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Senior Partner
Senior Partner, Solicitor
Category: Law
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Experience:  Solicitor with more than 30 years experience
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Pension information: I have a £90k pension with one provider

Resolved Question:

Pension information:

I have a £90k pension with one provider and a second of £9k with another provider, can I take the second pot£9k as a trivial sum following the last budget changes?
Submitted: 3 years ago.
Category: Law
Expert:  Senior Partner replied 3 years ago.
No I am afraid not. if you have two pension pots that exceed the total of £30,000 then I am afraid you cannot take it out as trivial. The full flexible drawdown provisions do not come into effect until April 2015. Until then you have to work within the existing amended rules. If you are over 60 you can of course take a tax free lump sum form either scheme .

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