Confused about pension

A question about : Confused about pension

Hi,
I hope someone can advise me.
I'm 60 in Oct and have a pension pot of approx Ј49,000. The pension is one I had with a company I worked for for 12 years, I no longer work for them. I would like to repay my mortgage as soon as possible and would like to know how I go about releasing this money, who do I approach in the first instance?
I think I can take 25% tax free and pay normal tax rate on the rest, but am I allowed to withdraw it all? I think that next April I will be able to do that tax free, but even with 75% taxed, it would still make econic sense as far as I can see, my mortgage is 5.9% interest and still has 3 years to run.
I am employed p/t at present so would the tax on the pension be increased to above basic?
I would value advice thats uncomplicated please.
Thank you.

Best answers:

• You are sure that this was a defined contribution rather than defined benefit scheme?
  https://forums.moneysavingexpert.com/...=#post65616250 see post 4
  The legislation has now been passed to pave the way for the single tier state pension. https://www.gov.uk/government/upload...fact-sheet.pdf
  If you wish to draw your pension, you will need to contact the administrator.
• You will have to pay tax on the 75% next year or any year. So timing wont help you. only 12,250 will be tax free in total.
  What will help you is the switch your mtg to a lower rate one as 5.9% is very high.
  So your option is to take 25% TF now and draw down t he rest next year. But be careful- depending on your income the 75% could put you into Higher rate tax and you'll lose 40% of it? Which is easy to do as it is 36K.
  Not to mention how you will fund retirement.