Wojciech

Diploma for Financial Advisers
Diploma in Accounting
Member of London Institute of Banking and Finance

You can usually only access your pension from age 55 (57 in 2028), with two exceptions:

Serious Illness: If you are very ill or terminally ill.

Protected Retirement Age: Applies to specific jobs, granted before April 6, 2006.

Otherwise, early withdrawal means a 55% tax charge. Most providers won’t allow it, and scams are common.

Beware of Scams: Avoid offers for “easy” early access—they are often scams.

Over 55: At 55, you can take 25% tax-free; the rest is taxed as income.

Key Tip: Always seek professional advice before withdrawing.