Can I draw my pension early?

There’s usually a minimum age before you can benefit from your retirement savings.

However, it’s sometimes possible to draw a pension early – for example, if you experience ill health, redundancy or other particular situations. However, making early withdrawals can mean you would receive a lower level of benefits than if you had waited longer. This is simply because you’ll have made fewer contributions and these will have been invested for a shorter time.

If you think you may want to draw your pension early, talk to an Ask Acorn financial advisor who will explain all your options.