Stakeholder pensions

I am a full-time GP who several years ago opened stakeholder pension schemes for my wife and I and our three children. I have contributed approximately £7,000 to them, but the projected pension values are pitiful. My circumstances have changed and I now wish to cash in these stakeholders so that I can use the money now. I am unable to establish if it is possible to cash a pension in order to 'unlock' the value. I have received conflicting advice with one source saying 'No you can't, as you got tax relief on the contributions' and someone else saying 'Yes, but the value of the pension pot will reduce as you got tax relief on the contributions'. Which is correct?


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