What is Pension Release?

Pension Release is a means whereby you can unlock the benefits from your pension before you retire. This usually means taking the maximum tax free cash (25% of the fund) and/or maximum income. Of course, taking benefits sooner rather than later will reduce the amount you will receive in retirement. It is only suitable for a limited number of people and circumstances.

The Financial Services Authority produce a guide which can be accessed and downloaded here. The booklet covers pensions in general but Pension Release is covered on page 11.

We have also produced a fictitious "Case Study" which you can read and/or download here

 Pension Tax Free Cash Help

  You may be able to clear your debts by unlocking your pension

If you are struggling to pay credit cards, home loans and other short term debt, you may find that you are no longer able to re-mortgage your home to clear debts owing to the “credit crunch”.

You may not have realised that there is capital you can access after all. Pension Release, or Pension Unlocking, may be a solution.

If you are 50 or over, have a UK Personal Pension or Retirement Annuity Scheme, then we may be able to help you. We will conduct a thorough analysis to see if this is the right course of action for you. From 2010, you will have to be 55 or over.

If you have funds > £100,000 and don't want to be locked in to a conventional annuity, then there are products on the market which may be suitable. Alternatively you may want just to take the tax free cash from your pension pot and leave the remainder invested using "Unsecured Pension". We can help guide you through these options.

If you have an occupational (company) scheme then we will pass your enquiry to an associated specialist company who deal exclusively in this area.
 

What should you do next?

Read through the rest of this site then get in touch! If you already know what you want to do, go to the Execution Only area of our associated web site.

Our FAQ section should answer most of your questions, but we are just a mouse click or a phone call away, so if you need to ask anything then just get in touch

Testimonials

"I thought I'd ring to tell you the money has gone into my account. Thanks very much for sorting it out for me" - Mr McL, Dover

"The money arrived 3 days ago, and was most welcome. I really appreciate the help you have given us" - Mr B, London

"Thanks for.... and your help. If I hear of someone who wants to buy an annuity I'll certainly recommend your company." Mr B.B., Saffron Walden