Do You Have An Investment You Could Release Pension From.

Do You Have An Investment You Could Release Pension From.

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If you are aged over 55 and have been contributing to a pension scheme, the UK government allow you to release pension money from it. When times are tough people raid their banks, investments, savings accounts and even their piggy banks, but rarely do people consider their pension.

Pension release is where you are able to unlock up to 25% of that hard earned cash.

It sounds like a dream scenario, especially in the current economic climate, times are hard for everyone. However, this isnt a miracle cure and is a huge financial decision which needs serious consideration. There are a number of drawbacks to taking pension benefits early, such as a loss of income during retirement and you might lose some of the guarantees provided by your scheme.

How Can Pensionlite Help?

Pension&Investor Lite carries the prestigious status of Chartered Financial Planners.

This status brings with it serious obligations to ensure the advice, service and ongoing support we provide for you is of the highest quality, based solely on your researched needs and provided by someone of appropriate competency.

Pension & Investor Lite, is an Independent Financial Adviser firm, Directly Authorised and Regulated by the Financial Services Authority, specialising in Pensions & Investment.

We offer whole of market choice and have no links or ties to any single business or organisation.

It is a major decision to release pension cash, so it must be fully discussed with an expert because you need to be fully aware of the consequences. You are under no obligation to accept any of our advice or recommendations, but it is highly recommended that you seek professional opinion and tailored advice before committing to anything.

Do I Have to Retire?

In a word, no. By deciding to release pension cash in the form of a tax free lump sum, you do not have to retire. You are free to continue working, and even continuing to contribute to your pension fund.

Many people choose to continue making contributions to top up their pension pot to boost their income once they retire. Although this is a sensible decision, it is important to realise that it is very unlikely that you will manage to top it up to where it originally was.

Pension release is a sound decision for some people in certain circumstances but it isnt generally recommended, and is a complete no-no if you have decided on a whim.

However, if you have discussed the issue with a professional, independent financial adviser, and are fully informed of all the benefits and consequences, it could be one of the best decisions you make.

As usual when you are considering a major financial decision, if you undertake a complete pension review from Pensionlite, our advice and recommendation report is provided completely free of charge and at no obligation.

There are no eligibility criteria as such to release pension cash, you simply have to be over the age of 55 so why not contact Pensionlite today and discuss unlocking your gold mine a little earlier?

Your investment could be doing more than just sitting there, if you need a tax free lump sum, consider releasing up to 25% of your pension now.

About the Author:
Over 55 and looking to release Tax Free Cash from your Pension? Get Pension Release advice that you need.



Article Originally Published On: http://www.articlesnatch.com


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