u/cosmiccarrie

Hiya

I have a nest pension worth about £12k.

I’m 55 in 6 months and can withdraw it all with tax apparently.

Pros & cons?

How much tax? Will i be able to withdraw all? If I dont withdraw how does it affect my state pension when im 67? Can i withdraw all then? Or is it added to my state pension? Does it mean an extra tenner (or so) to my state pension?

Would like to withdraw as much as i can at 55, pay off debts and for the 1st time in my life be debt free. Looking at £3-400 less in bills/loan repayments per month.

Thank you all👍❤️