Just turned 55 and have 2 workplace pensions that I can access if I want to .
One pension is much bigger than the other and has grown 23 per cent in the last year,the other is smaller and has 5 per cent growth in the same period
Was thinking of accessing one of them with partial pension encashment option to treat the family to a nice holiday abroad,so basically taking my 25 per cent tax free in smaller parts but leaving the rest invested still to grow.
Which one would be the best pension to access?
One pension is much bigger than the other and has grown 23 per cent in the last year,the other is smaller and has 5 per cent growth in the same period
Was thinking of accessing one of them with partial pension encashment option to treat the family to a nice holiday abroad,so basically taking my 25 per cent tax free in smaller parts but leaving the rest invested still to grow.
Which one would be the best pension to access?