On Sun, 02 Aug 2020 12:27:46 +0100 (BST), "Dave Liquorice"
wrote:

On Sun, 02 Aug 2020 10:55:20 +0100, T i m wrote:

I'm 63, not working (never claimed anything in my life) but too young
to retire, according to the current system ... but I think I have two
small private pensions that matured when I was 60.

You don't know?

Well sort of, but 1) I'm not good with such things and partly 2) they
didn't account to much and 3) I wasn't sure if I could / should do
anything with them (take them as pension payments, take the lump sum,
combine them onto one etc).

What are you living on now if not working or claiming
benefits?

Her pension(s).

The interest on a couple of million in savings accounts?

That would be nice (and if we actually did any of the Lotteries ...).

I believe I also have a couple more private pensions that are due to
mature when I'm 65 and I think I did look into putting them all into
one, but 1) not sure if that was a good idea and 2) I think that you
might only be able to combing so many and didn't know which I should
do if there were limits (or take the cash etc).

You need to find a independant financial advisor perhaps with a bit
of specialisum in pensions. The rules have changed an awful lot
recently, with far more options than there ever used to be. You don't
have to buy an anuity (thus losing access to the capital and any
gains it makes invested), you can take up to 25% tax free lump sum
but you don't have to do that in one go and/or you can draw down on
the capital and/or leave it...

Quite ... loads of options ... (but thanks).

Basically I was holding off till I was 65 when the other pensions
matured and was going to go from there.

Cheers, T i m