You can release cash from your pension, but there are also a host of other options available too. Pension Services is here to help you discover the different types of release options that are available to you. Each option will be presented to you dependent on your situation, and in many cases it is possible to release a cash lump sum to you. Contact our pension release team today and we can talk to you about your options. When you retire you are given a fixed sum of money that is paid on a regular basis, and basically this is your pension. There are several different types of pensions that you may choose from when you set up a retirement pension plan. Pension plans can include defined benefits, defined contributions, and other pension plans that are paid to you once you have retired.
By contacting pension services we can help you to:
How much cash can you release via our pension release service ? Contact us today and we can tell how much cash you can release, and what your release options are.
Pension release is when money is taken out of your pension plan before you retire. You never know when you may have to take funds out of your pension, and you may not plan to take any funds from your pension until you retire but then you find yourself in a financial crisis… So using a personal pension to help withdraw money may be your best bet as well as a good option for you. There are many ways in which you can withdraw money out of your pension, some are legal and some are not so it is very important to know what you can and cannot do, we can help you with that.. If aged 55 plus then you can legally take money out of your pension fund. However if you are under 55 and you need to take a cash lump sum then there maybe a criteria that you would have to meet in order to achieve that. We have a range of options that will allow you to possibly withdraw or release your pension fund. Contact us today for further help. So if releasing the cash in your pension is something you want to do then contact our pension release team today!
There are a lot of things to consider when it comes to your pension, maybe you are thinking about withdrawing your pension fund possibly via a pension before you have retired. If you are seriously considering your options then there are plenty of things that you should consider and you should also make sure that you are following the rules so that you have done everything legally. Pension release allows for you to takeout some of your pension funds from your pension pot.
1). Pension pot must be more than £20,000: This means that if you have over £20,000 then there are options available to you…we can help you with this, and you can take a certain % of your pension pot as a tax-free lump sum. With this option you can use the rest to buy an annuity or to provide an income directly from the fund. There are also other options available to you and we can talk to you about this. Simply fill in the form on the right hand side to get started!
2). If you have a pension pot that is below £20,000 then there are still options that are available to you when it comes to releasing your money. Each option will be dependent on tour current circumstances, your pension pot value and other factors that will need to be discussed. We are more than happy to discuss the options with you.
If you would like to talk through your pension releasing options with our network of from a professional pension review consultants then please feel free to contact us on the phone number above or via our contact form.
Contact our team using the phone number above or simply fill in the form to get started today!
Some companies are singling out pension savers and making claims that they can help cash in your pension. If you agree to this you could face a tax bill of more than half your pension savings.