Pension Release,
Pension Release Glossary
Glossary of Terms
Cash In A Pension
Cash in a pension or "Cashing in a Pension", is the term mainly used when someone takes their pension benefits earlier than when they retire.
Company Pension
A pension scheme provided by an employer to provide pension benefits for their employees.
FSA
Short for Financial Services Authority, which regulates financial advisers in the UK.
Personal Pension Scheme
A pension that is not an occupational or stakeholder pension scheme.
Pension Release
Pensions Release is a term used for taking the benefits from a pension before your normal retirement age and getting up to the maximum cash (tax free), maximum income or a combination of both.
Pension Release Adviser
Your Retirement Solutions employ qualified Pension Release advisers who will always recommend to you the option that is right for you.
Pension Surrender
Surrendering a pension is when someone wishes to unlock their pension funds before their normal retirement date.
Selling A Pension
Legally you are not allowed to sell a pension. However many people use the expression "selling a pension" when they talk about unlocking cash from a pension fund before their normal retirement date.
Unlock A Pension
Unlocking a pension is when someone unlocks a cash lump sum and/or income or a combination of both from a pension fund early.
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.
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Testimonials
Your admin team kept me up to date with what was happening with my application and at what stage it was, as it progressed.
S.Lee Manchester
March 2008