Pension Release
The Process of Releasing Cash in Your Pension
Our Pension Release service
If you qualify for a Pension Release from Your Retirement Solutions, we will require you to complete two forms. It provides all the information that we require to give you a clear view on the best Pension Release option for you.
Once we have received all of the information that we require from your pension or pensions company, we then will assign a Pension Release Adviser to you.
Your Pension Release adviser then gathers the information required on your personal and financial circumstances. A comparison is done on what you would receive from your pension plans if you retired at your arranged date and what you could possibly receive if you released cash from the scheme, as by receiving benefits earlier than arranged, your retirement income could be reduced. This is because taking benefits early means that your pension will be reduced over the longer term and may mean that you do not have enough income to meet your needs when you retire.
Your Pension Release adviser will consider how possible benefits that your pension scheme may provide could be affected. These may include what your beneficiaries would receive when you die, or perhaps any ill health pension provisions. There is a possibility that if you take an income from your pension now that this may alter your tax position. If you are currently receiving state benefits we will discuss with you how these may be affected.
We see it as vitally important that you understand how any decision you may make can affect your situation. As such we will explain both advantages and disadvantages of unlocking your pension.
There is no obligation to proceed with a Pension Release at any time. If you decide not to proceed with Pension Release, then there will be NO fees or costs payable. Your Retirement Solutions only get paid if you complete a Pension Release.
We specialise in pension release and only deal with a selected number of product providers.
> Discover more about Pension Release
Would you like more information on Pension Release?
Simply complete the Start Your Enquiry form on the right and if you qualify we will send you a FREE Information Pack. You are under no obligation to proceed and there are no costs involved if you decide not to proceed with Pension Release.
Taking any of your pension benefits early is likely to reduce your income at retirement. In our experience Pension Release is only suitable for a very limited number of people and circumstances and should not be seen as an easy option for raising cash. This is because a pension is designed to provide you with benefits when you retire.
Alternatively call now for a free no obligation Information Pack on 01689 806717 and we will be happy to help with any questions you may have.
Testimonials
Thank you very much for your excellent service and the very cheerful telephone conversations we've had. I look forward to hearing from you again soon.J Smith Buckinghamshire
January 2009