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Pensions

In June 2020 I was in hospital been in 8 weeks, they told me I had cancer in stomach and were going to operate, then told me I'd had a heart attack and could not operate sent me home with terminal cancer. I have a private pension and told provider about terminal cancer and asked could I take my pension as a lump sum I'd taken some as a lump sum when I retired in 2012 and have been getting monthly payments. They said no its not there dissision ITS HMRC my pension is worth almost £90000, so I'm not allowed to "cash it in". It makes no difference having terminal cancer, I spoke to macmillans finance team and they said the same. I'm divorced so ex can't benefit HMRC can pay out under £30000. Give me 30000 for my family HRMC be happy with keeping £60000.my MP says she will look into it agrees it's not right but it's going to happen HRMC will take it after my death.
Replies
You need detailed expert advice on this matter.
Can I suggest you contact the Pensions Advisory Service on tel: 0800 011 3797 ( Mon to Fri - 9am till 5pm).
Make sure you have all documents relating to your pension, to hand when you make the call.
NB
All schemes should have a “Terminal Illness” clause, defined within the scheme.
Hope this helps.
Keep us updated.
Best wishes
The unfortunate truth is if you had developed a terminal illness pre 2012 other rules might have applied.
I wish you well but hope you realise that you will be fighting a losing battle if you still think it's your money.
I only post sound advice, that I know is factual and true.
It matters not what status of retirement the OP is, the Pension Advisory Service is there to help, in all matters relating to pensions.
I am sure with your capabilities, you would seek more detailed insights into such matters.
I have no doubt that you will avail yourself of the freephone helpline, that I suggested to the OP.
Please note what I stated about a “Terminal Illness” clause for scheme membership.
Stay safe and be kind.
I have no need whatsoever to avail myself of advice from anybody on this as I have already double checked my advice before giving it.
What you stated about a "terminal illness clause" is not how it is.
Stay safe, and I always try my utmost to be kind even under the most trying of circumstances.
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