Can I use my pension to repay debts?
If you've been struggling with problem debt and you're approaching the age where you could draw a lump sum of money from your pension, this may seem like a quick way to pay off your debts.
This might be a good idea for some people, but for others it may mean you have less available for your retirement. Money you take from your pension at 55 could leave you with a lower monthly income for the rest of your life.
We can give you expert help to deal with your debts, but you need a different kind of help to make decisions about your pension. It's important you get guidance from a pension expert before you decide what to do with your pension savings.