Question: Can I withdraw my pension to pay for unplanned expenses?
No, you cannot withdraw your pension funds to pay for unplanned expenses, unless you have reached your retirement age. Pension savings are intended to provide income during retirement and are generally inaccessible until you reach retirement age.
Question: I have more than one pension plan. Is it possible to combine all my pensions into one?
Yes, it is possible to consolidate all your pension plans into one plan and this would also make it easier to manage. Having said this, before consolidating all your pension plans, make sure you know the risks and costs involved.
