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If you're 55 or over and approaching retirement, current pension rules allow you to access 25% of your pension pot tax free. The minimum pension age will increase to 57 by 2028, but currently, you can access your money at 55. It's important to consider your retirement goals, financial needs at 55, and whether you'll continue working. Generally, staying invested in your pension for as long as possible is recommended unless you have a compelling reason to take a lump sum at 55. Leaving your money in your pension plan may be more beneficial in the long run, as it needs to support you throughout your retirement.