Having finaly divorced last year - I thought I would be done for good- but no....
The lovely judge awarded me 33.3% of my ex pension ( about £84000- my share). This still hasn''t been transferred to my pension pot. As it hasn''t - is there anyway I can release some actual cash from it? My car engine went bang and I need a new car as the other one isn''t economical to repair. We both have NHS pensions. If I can- how would I go about doing it? Thank you!
Jaymdee is correct. The only scenario under which you can draw benefits prior to 55 is in the event of ill health. With a pension share from the NHS, the benefits remain within the scheme, you will receive a pension or pension & lump sum. The earlier you draw this the smaller the amounts will be.