How can I withdraw my Collegia pension pot?
If you are under the age of 55 (rising to 57 from 2028), and outside the opt-out window, you will not be able to access your pension pot. The only exception is if your life expectancy is less than 12 months, in which case you may be eligible to withdraw your pension tax-free.
If you are aged 55 or over (57 from 2028), you may request access to your pension pot through your Collegia personal account. The withdrawal option currently available via Collegia is a Full UFPLS (Uncrystallised Funds Pension Lump Sum), which allows you to withdraw 100% of your pension pot. To proceed, simply log in to your Collegia personal account and follow the Access your pension pot tab. Please note that this functionality is currently available only via the web version and not on the mobile app.
Collegia does not currently offer other withdrawal options, such as annuities. If you wish to access alternative options, you will need to transfer your pension pot to another provider that offers those facilities. However, Collegia is actively working to introduce additional withdrawal options later this year.
If you are aged 55 or over (57 from 2028), you may request access to your pension pot through your Collegia personal account. The withdrawal option currently available via Collegia is a Full UFPLS (Uncrystallised Funds Pension Lump Sum), which allows you to withdraw 100% of your pension pot. To proceed, simply log in to your Collegia personal account and follow the Access your pension pot tab. Please note that this functionality is currently available only via the web version and not on the mobile app.
Collegia does not currently offer other withdrawal options, such as annuities. If you wish to access alternative options, you will need to transfer your pension pot to another provider that offers those facilities. However, Collegia is actively working to introduce additional withdrawal options later this year.
Updated on: 30/05/2025
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