Enjoy a tax-free sum with early pension release
Early pension release allows you to access money you have saved for your pension
before you retire, or before the full term of the pension is up. It doesn’t matter
if you have a private or company pension, if you are over 55 and have over £15,000
in your fund, Portal Financial can help you.
How much money can I get with early pension release?
The amount of accessible cash in pension funds depends on the total value of your
individual scheme. You are allowed to release up to 25% as a tax-free sum, the rest
must then be re-invested to provide an income for you during your retirement. You
can choose to receive this money yearly, half yearly, or monthly, whatever suits
your needs best.
Your FREE early pension release report
If you’d like to explore your options regarding early pension release, complete
the above enquiry form to start the quick and easy process. If you’d like to speak
to a Portal Financial advisor first, please call us on 08450 706040, or check out
our FAQs.
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.