PENSION RELEASES - PENSION RELEASE PLANS
Please see a range of pension release providers below. These firms can help you access a lump sum of your pension early (subject to conditions). There are a variety of reasons why you may need to access your pension early. Pension cash release allows you to get your hands on some of your hard-earned cash early, so you don't have to wait until you reach your pensionable age. Pension release has become increasingly popular over the past few years, as an easy way to raise cash. The money can then be used for all manner of reasons, from holidays, home improvements or a donation. Most pension release providers require that you are aged between 55 and 62 so if you are within this bracket, now is the time to look around for a decent offer. Use the table below to find the company that can best help you access your pension. Always read the terms and conditions before committing. You don’t want to regret accessing your pension too early.
Compare Pensions Release Companies
How you can release your pension
Sometimes it is possible to unlock your pension unlocking, so that you can enjoy some of the benefits before your retirement. By releasing your pension, you receive a tax-free lump sum and/or income early from your retirement. To apply for pension release you should usually be between 55 and 62 with a personal pension or company pension that you are not receiving income from. Pension releasing is more and more common in the UK and now there are even specialist companies that deal specifically with this area of pensions.
How much will it cost to release your pension?
This depends on the company you use to help you release your pension. You might be subject to costs from your pension provider, as a penalty for accessing your pension early. Most pension release companies quote set-up fees and commission, and these will vary. Take your time and compare different services before going with one company.
Some companies will only be able to quote fees and charges after they have investigated your personal case and pension scheme. They will usually then be able to prepare you with a report which details any fees incurred.
How Much Money Can I Receive?
The amount you receive depends on the pension scheme you have in place. When you apply for a pension release, the company you use will go through your pension plan to work out how much you could receive. Remember that by releasing your pension, you could reduce the amount of income you receive when you reach retirement.
What are the advantages of Pension Release?
Pension release allows you to access some of your hard-earned pension early. You can enjoy the benefits of the pension you have built up over many years that bit earlier than you might if it were still locked away. If you fall into a situation where you are desperate to raise extra cash before you reach retirement, you can do so by releasing your pension. However, it is not recommended to think of pension release as an 'easy option' for raising money.
What are the Disadvantages of Pension Release?
Before you consider releasing your pension, remember that by doing so you could reduce the income you receive when you retire. By taking a pension release you are removing some of the pension money that is being built up. Pension release is therefore not suitable for everyone and you should think carefully about whether it is really worth doing this. It is generally highly recommended to seek specialist independent financial advice before taking action to release your pension.
Pension Releases Gallery
C.US.4.Pension Release Pension Release
Grove Pension Release Pension Release
Pension and Investor Lite Pension Release
Pensions Pronto Pension Release Pension Release
Release My Pension Pension Release
Think Pensions Release Pension Release
Unlock My Pension Pension Release
PENSIONS RELEASES - LATEST NEWS 
Think Pensions
26 September 2012 16:00
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New Product! 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.
Breakdown in UK Private Sector Pensions
03 January 2012
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There has been a dramatic collapse in private sector pension schemes as across the UK companies are withdrawing from bolstering employee pension schemes.
Public Sector Strike Begins
30 November 2011
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Today sees public sector workers all over the country participating in a strike over pensions and is said to be the biggest walkout for a generation by unions.
UK Economy to Get Multi-Billion Pound Injection
28 November 2011
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The government is set to announce a multi-billion pound investment programme to simulate the British economy. The majority of the money is thought to come from Chinese investment along with the big UK pension funds.
Proposal for Public Sector Pensions Unveiled
23 September 2011
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The lobbying group Local Government Employers has argues that the government could potentially save £900 million from public sector pensions every year without increasing contributions from workers for another 2 years. The group has sent its plan to Communities Secretary Eric Pickles. The plan outlines a proposal for employees to either pay more money into their fund to keep their benefits, beginning in 2 years, or keep paying their current rate but get a smaller pension when they retire.
