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THINK PENSIONS RELEASE
Think Pensions Release (Pension Releases)
        
If you are over 55 and have a need for cash you could release money from your company or personal pension NOW. Think Pensions can help you locate a company who will perform a FREE, NO OBLIGATION review of your Pension to see if releasing a Tax-Free Cash sum is right for you. Before you apply for a pension release it is very important that you read the terms and conditions carefully. Pension release schemes vary and it is extremely important that you understand the process before you apply. If in doubt seek independent financial advice.
Location: UK
Advantages:
1. Think Pensions can put customers immediately in touch with a Pension Release advisor who can help them release funds from their pension.
2. Think Pensions Release help customers obtain a Tax-Free cash
3. Think Pensions will locate a company who will perform a FREE, Obligation review of your Pension .
Disadvantages:
1. You have to be over 55
2. This service does not apply to State Pensions
3. You must not be receiving any benefits from your Pension
4. Taking benefits early will almost certainly reduce your pension income in retirement.
Services:
Think Pensions can help you locate a company who will perform a FREE, NO OBLIGATION review of your Pension to see if releasing a Tax-Free Cash sum is right for you

Release Type: Broker
Pension Types: Company or Personal Pension
Pension Value: Varies
Release Amount: Up to 25%
Cost: Ask on application

Suitable For:
Over 55's who need to release money from their company or personal pension.
Conditions:
Customers must be aged between 55-64. This service does not apply to state pensions
Restrictions:
1. You must be over 55
2. You must have a UK pension that you are not receiving benefits from
Features:
Complete the online form for a free, no obligation review of your Pension to see if releasing a Tax-Free Cash sum is right for you
Terms and Conditions:
The amount of accessible cash in pension funds depends on the total value of your individual scheme. You are normally allowed to release up to 25% of the value of the pension as a tax free sum, the rest must be used to provide an income either now or in the future. You can choose to receive this money yearly, half yearly, or monthly, whatever suits your needs best. You don't have to release the maximum amount of cash from your pension and you should only release what you need.
 
It is worth pointing out that the whole purpose of making contributions to a pension scheme is to provide an income during retirement. It is therefore important to be aware that releasing your pension benefits early could reduce your income and your standard of living in retirement. This is why Pension release is only suitable for a limited number of people and circumstances and shouldn't be seen as an easy option to raise cash.
        
REVIEWS
Think Pensions (Which Way To Pay - 26/9/2012)
Think Pensions is ranked 4 out of 5. Based on 1 review.

4 Star Rating

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