Pension Release involves the access of pension benefits, usually before normal retirement age to provide a lump sum and/or income.
 
Accessing your pension will reduce your income in retirement, and may also affect any State Benefits you receive now. Pension release is therefore unsuitable for most people and circumstances and it is vital that you think about how this will affect you before considering this course of action.
 
We will provide you with all the information you need, including all the suitable alternatives, in order that you can make the right decision. These alternatives could include debt consolidation, remortgaging or other borrowing, use of other existing assets or applying for state assistance. Only when these alternatives have been investigated can accessing pension benefits early be considered.

Important Information

Taking any of your pension benefits early is likely to reduce your income at retirement. Therefore, 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. The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. The Financial Services Authority does not regulate some forms of tax advice, secured loans, unsecured loans, debt management and Wills. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.