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Due to the fact that tax relief is granted on pension contributions, the rule of thumb is that the fund cannot be enjoyed prior to retirement. The only exceptions are in the event of disability or on early retirement in some cases (generally 55 yrs old upwards). I would think it very unlikely that you could encash the fund given your current age, the state grant the tax relief to encourage pension funding as it makes you less relient on the state in old age, to allow encashment before retirement would be to open up a whole can of loophole shaped worms.
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“To accuse another of having weak kidneys, lungs, or heart, is not a crime; on the contrary, saying he has a weak brain is a crime. To be considered stupid and to be told so is more painful than being called gluttonous, mendacious, violent, lascivious, lazy, cowardly: every weakness, every vice, has found its defenders, its rhetoric, its ennoblement and exaltation, but stupidity hasn't.”
Primo Levi
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05-11-2009, 18:27
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