Are you aged 50 plus?
If you are aged 50 plus and considering pension release, or cash in your pension early from age 50 the minimum age increases from 50 to 55 in April 2010, so now is the time to contact us
Pension Release or 'unlocking' is the term used for taking the benefits from your pension before you retire and getting up to the maximum tax free cash and/or income.
Some people also call this cash in your pension, and there are some that call it early retirement at 50
The current rules say that you can release a cash lump sum of up to 25% of the value of your pension fund. This is tax free and is know as a ‘Pension Commencement Lump Sum’ (PCLS). In addition, the remaining fund can be used to provide you with an income that might be taxable - depending on your circumstances.
If you wish to explore your options further, call us on 0800 043 0725 or fill out our quote form opposite
Pension Release is only suitable for a very limited number of people and should be only taken as a last resort. Taking money from your pension now will reduce the amount of income available to you come retirement. This service applies to UK pensions only.
There are significant differences in the performance of the worst and best annuity rates and the advice of an independent financial adviser should be sought to ensure you get the best annuity rates