PENSION RELEASES - PENSION RELEASE PLANS

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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.

If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

PROVIDERTYPE

TYPE

Provider or Broker

PENSION TYPES

PENSION TYPES

Pension scheme / structure

PENSION VALUE

PENSION VALUE

Value of pension

RELEASE AMOUNT

RELEASE AMOUNT

Equity possible to release from pension

COST

COST

Cost of releasing equity from your pension

CONDITIONS

CONDITIONS

Conditions of Pension Release

FEATURES

FEATURES

Pension Release features

SUITABLE

SUITABLE

Who the Pension Release is suitable for

TERMS

TERMS

Terms and conditions of the Pension Release

RESTRICTIONS

RESTRICTIONS

Restrictions for applicants

MORE INFO

Grove Pension Release
Grove Pension Release

BrokerAll UK Pension TypesFrom £15,00025%Told on applicationConditions

Conditions

You must be at least 55 years of age.

Features

Features

They help you understand the options available and explain the complex and legal "jargon" back into "plain English" and in a way you can understand.

Suitable For

Suitable For

All UK Pension Types

Terms and Conditions

Terms

You must be aged 55 or over with money in a pension that you're not already receiving

Restrictions

Restrictions

You must be at least 55 years old.

Grove Pension Release
Grove Pension Release is a specialist company with a wealth of experience and knowledge in Pension Cash Release. They complete all the work themselves and do not “farm out” any of it to other financial service companies. They will help you understand the options available and answer any questions or queries you may have on pension cash release. DETAIL INFORMATION >>Services

Services

Grove Pension Release specialises in ALL UK Pension Types. These could be Personal Pensions, Stakeholder Pensions, Protected Rights Pensions and "old style" Retirement Annuity Contracts. They could be any type of Company Pension Scheme, Executive Pensions, Section 32 Buy Out Bonds, Final Salary Pension Schemes (also known as Defined Benefit Schemes) or Money Purchase Schemes (also known as Defined Contribution Schemes).


Advantages

Advantages

1. With any recommendation they make you will be told exactly what costs and charges there are before you decide what you're going to do.
2. You can take up to 25% of your pension tax free.
3. Grove Pension Release specialises in ALL UK Pension Types.
4. They complete all the work and do not "farm out" some of it to other financial service companies.


Disadvantages

Disadvantages

1. This service only applies to pensions in the UK.
2. Taking benefits early will almost certainly reduce your pension income in retirement and is only suitable for a limited number of people and circumstances.
3. This should not be seen as an easy option for raising cash.

If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

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.

How to compare pension release companies?

Watch out for companies that say they are able to unlock your pension scheme before the age of 55. Many of these schemes are illegal, have hefty fees and could cost you a large amount. Think carefully before you take your pension benefits early and ensure you do your research. Pay particular attention to the terms and conditions and any fees that you could incur.

PENSIONS RELEASES - LATEST NEWS News and Charts

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Chancellor George Osborne announced the Autumn Statement last week, how will this affect your pension, ISA and income tax?

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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.

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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.

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Public Sector Strike Begins

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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.

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