Your pension-unlock needed capital now

Pension unlock 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.

Unlock 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 unlock' 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 unlock capital, apply for a free Portal Financial pension release pack now.