Articles on: Taking Benefits

How can I withdraw my Collegia pension pot?

If you are less than 55 years old (57 since 2028) and you are outside of the opt out window your pension pot cannot be withdrawn. You can withdraw it only (tax-free) if your life expectancy is less than 12 months. If you are older than 55 (57 since 2028), you can request to access your pension pot. Currently, Collegia does not offer drawdown facilities. If you wish to access your funds, you'll need to transfer the money from your Collegia account to another pension provider that provides drawdown services. This will enable you to access your funds through the new provider. It's worth noting that Collegia is actively working towards implementing drawdown facilities this year so we can access your money from Collegia, if you are willing to wait for it.

Updated on: 17/04/2024

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