When can you access your preservation fund?

You can make one partial (or full) cash withdrawal at any time before you retire. On retirement from a pension preservation fund, you may take a maximum of 1/3rd of your lump sum as cash; with the balance you must purchase either a living or a conventional annuity, which will pay you a regular income.  On retirement from a provident preservation fund, you can elect to receive the entire balance as a cash lump sum.