Can I cash in my Prudential pension early?
In most cases you can take out up to 25% of the money moved into your flexible cash or income plan, in cash, tax-free. You'll need to do this at the start. You can then dip into the rest as and when you like. You can also set up a regular income with this option.
Are Prudential Pensions any good?
Of the 99 Prudential pension funds analysed over 60% received a poor performance rating of 1 or 2 stars. 9% of funds received an impressive 4-star performance rating and 4% of their funds consistently outperformed their competitors and received a high-quality 5-star rating.
Can I transfer my Prudential pension?
If you'd like to transfer your pension overseas, we can only do it if: • The receiving scheme is a Qualifying Recognised Overseas Pension Scheme (QROPS) recognised by HM Revenue and Customs (HMRC). The country's legislation allows a transfer in from a UK approved pension scheme.
What is a Prudential annuity pension?
A guaranteed income for life (also known as an "annuity")
It pays you a regular amount - a bit like a salary. With this option, usually after you've taken any tax-free cash, the remainder is used to provide you with a guaranteed regular income for the rest of your life.