Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is triviality?

April 26, 2017triviality

0

Posted

What is triviality?

1 Answer

0

Posted

If you have a very small pension pot which would be too small to purchase an annuity, you are allowed to take this money as a lump sum at retirement. Currently this can only be taken from age 60 and the value of all policies the member has must amount to less than £18,000.