Your pension - release needed capital now
Pension release values vary according to the total value of any fund. The more your pension is worth, the higher the lump sum you can get. If you’re over 55, pension regulations allow you to release up to 25% of your pension pot, tax-free. What’s left must be invested to provide an income for you during your retirement.
Free up pension capital, then defer your income
Before April 2006, once you’d released your lump sum, the income earned from the remaining capital in your fund had to be taken immediately. Now many schemes allow you to defer this income. This can be an advantage as over time the remaining capital could grow in value. However fund values can decrease over time too, depending on the market performance, so it’s essential to seek professional advice before you make any decision.
FREE advice from the 'pension release' specialists
Portal Claims have a sister company, Portal Financial, with a team of professionally trained and FSA regulated advisors. They are not sales people and will carefully explain your pension options. Give them your pension details via the online enquiry form and they’ll produce a pension release report for you free of charge. They’ll show you how much money you can release and how best to use the remaining money for an income. They’ll also make recommendations about how to draw this income, monthly, quarterly, six monthly, or yearly.
If you’d like to review your pension and release capital, apply for a free Portal Financial pension release pack now.
Disclaimer:
Portal Claims is not able to offer financial advice and is not authorised or regulated
by the Financial Services Authority. Portal Financial is a separate sister company
to Portal Claims and is a firm of totally independent financial advisers who are
authorised and regulated by the Financial Services Authority.
The Pension Release service only applies to pensions in the UK. Taking benefits early will almost certainly reduce your pension income in retirement and is only suitable for a limited number of people and circumstances. This should not be seen as an easy option for raising cash. To find out if you qualify please contact us.