In order for Pension Release to be viable, you must first satisfy a number of criteria:

  • You must be aged between 55 and 75
  • You must have pension benefits other than your State Pension
  • You cannot be in receipt of these pension benefits already
  • You pension benefits cannot relate to your current employer
If you meet these criteria, then Pension Release may be an option for you. However, taking your pension early may have significant consequences for you, both now and in the future.
 
Your pension is designed to provide you with benefits when you retire. Releasing your pension to obtain benefits early will reduce your retirement income, and may also mean that you are giving up valuable guaranteed benefits in the future.
 
Pension Release is therefore unsuitable for most people and circumstances, and should not be seen as an easy option for raising cash. It is vital that you seek expert advice before considering taking your pension benefits early.
 
In order to assist you in making the right decision, our professional and impartial team will provide you with all of the information and support that you need.
 
Our Consultant will identify suitable alternative ways of meeting your financial objectives where appropriate, including a consideration of loans, mortgages, existing investments, State Benefits, and restructuring of any existing debts.
 
If there is an alternative method of meeting your objectives which offers better long-term value we will recommend this, and will aim to put you in contact with an organisation that can help. We have detailed a number of organisations that may be able to provide such assistance in our guide to useful contacts.
 
Only when these alternatives have been investigated can accessing pension benefits be considered suitable. 

We will:

  • Identify suitable alternative ways of meeting your financial objectives where appropriate, including a consideration of loans, mortgages, existing investments, State Benefits, and restructuring of any existing debts
  • Determine what your financial needs in retirement will be  
  • Tell you how much income you can expect to receive from your pension, whether you choose to access it or not  
  • Consider your current and potential entitlement to State Benefits, and how these could be affected by choosing to access your pension 
  • Analyse your overall income in retirement, taking into account any entitlement to State Benefits 
  • Compare your expected income against your needs and provide advice on how to meet any shortfall 
  • Tell you how your overall retirement income will be affected by accessing your pension

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.