Release Cash from your Personal Pension
Are you looking to use the new Pension Freedom & Choice Rules to access Tax Free Cash from your pension? These rules give you the freedom to access cash from your pension from age 55. You can take up to 25% of the value of your pension TAX FREE.
The rules also allow you to take out as much cash as you like. However, any cash taken over the Tax Free Cash amount will be subject to Income Tax!
Unfortunately, not all pension providers have a pension product that will allow you to release the tax free cash only and leave the remaining fund invested. Or you may have a pension with a Guaranteed Annuity Rate (GAR) and need to obtain financial advice to access the cash from your pension. In these cases, you will need to transfer your pension to a pension provider that has a pension product that will allow you to use the new Rules. We can recommend a pension provider, help you with the transfer process to ensure your cash is paid direct into your bank account.
Notes: Your fund value will need to be over £10,000. These rules do not apply if you are already taking an income from an annuity, or from the Basic State Pension.
To start your no obligation, confidential enquiry complete the form below. Alternatively call us on 0800 177 7794.
Discover how much cash you can release from your pension
Why use Pensions Matter? We have been helping people release Tax Free Cash from their pensions since 2005. We are UK FCA Regulated Pension Advisers. With many pension scams being marketed you should only use a reputable qualified pension organisation to handle your cash release. You can check our details here: FCA_ Register. Enter our firm number of 490166 and click on “Search the Register”. Never use an organisation who is not on this register to release cash from your pension as they are not authorised to do so and in all likelihood a scam. With our expert guidance the release of your cash will be dealt with effectively, properly and efficiently. It is possible to release cash from the majority of UK pensions with the right help and guidance.
Four Easy Steps to Release your Cash
- Complete the “I am Interested” sections
- Enter the details of the pension/s you are considering releasing cash from
- We will research how much cash you can release
- If you decide to release the cash, we will arrange a transfer to a pension which can facilitate the release of your cash
This service only applies to pensions in the UK. Taking benefits early (pension release) will almost certainly reduce your pension income in retirement and is only suitable for a limited number of people and circumstances.