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Is it permitted to withdraw some funds from my pension without actually retiring?

12 July 2022

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Question by John

I have a pension in the PPF, is it permitted to withdraw some funds without actually retiring. I'm approaching 56 years, looking for a cash injection but not ready to retire?

Answered by Debbie Holloway


When you say actually retire, I presume you mean give up working completely?

You can continue to work and take your benefits. The payments are considered taxable income so you should consider the tax implications of receiving the annual pension payments and your earned income.

What you usually are unable to do is take your lump sum only without starting annual pension payments.

I would suggest you obtain up to date figures from and also seek advice from a qualified financial adviser who can assist with the tax implications of taking your pension and carrying on working.

If you need any help in this area I can be contacted on 07943 189948.

Many thanks

Chartered Financial Planner

Answered by

Debbie Holloway

Chartered Financial Planner

I enjoy establishing and developing new relationships with clients, taking time to listen to their needs and goals and formulating a financial plan together so they can feel confident about their financial future.