You could release tax free cash from your pension before you retire
Pension Release is the process of taking a Tax-Free cash sum and /or income from your UK pension before you retire to meet your needs.
If you are aged between 55 and 62 and have a need for cash you could release money from your company or personal pension NOW. (This service DOES NOT apply to STATE PENSIONS and you must not be receiving any benefits from your Pension).
You can release up to a maximum of 25% of your pension, the balance of your pension will then be invested to provide you with an income in retirement.
PensionsPronto can help you locate a company who will perform a FREE, NO OBLIGATION review of your Pension to see if releasing a Tax-Free Cash sum is right for you.
The companies that we work with can only offer advice if the minimum total of your pension fund(s) value is £15,000 or more.
It is worth pointing out that the whole purpose of making contributions to a pension scheme is to provide an income during retirement. It is therefore important to be aware that releasing your pension benefits early could reduce your income and your standard of living in retirement. This is why Pension release is only suitable for a limited number of people and circumstances and shouldn’t be seen as an easy option to raise cash.
PensionsPronto.co.uk is a website operated by The Slice Limited. This site has been approved for compliance purposes by Portal Financial LLP who are authorised and regulated by the Financial Services Authority (FSA).
