FAQ About State Pension

No, it is not possible to cash out your State Pension in the UK. The State Pension is designed to provide a regular income in retirement and is not a savings account that can be withdrawn as a lump sum.

When you reach State Pension age, you can start receiving your pension payments, which are paid to you regularly for the rest of your life. The amount you receive depends on your National Insurance record and how many years of qualifying contributions you have made.