Hi, Hubby has been paying into company pension for last 21 years he is 45. The pension fund is worth £37000. Does anyone know if it is possible to cash in part of it. We would use it to offer a full and final.
You will have to review the terms of the policy.
There are some policies that allow a tax free lump sum to be drawn from them, but at 45, I believe your husband would be too young to take advantage of that.
If it's public sector then he would probably have to meet the 85 rule, and the minimum age for that is 55.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
