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Think Pensions - Pension Releases
(Which Way To Pay - 26/9/2012)
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. You could release tax free cash from a private or company pension but this service does not apply to state pensions. You will need to be 55 or over, have a UK pension that you are not receiving benefits from and have a need for cash.
 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.
Think Pensions Release is ranked 4 out of 5. Based on 1 review.

4 Star Rating        
1 Star: 1 Star RatingPoor
In relation to other products, has performed badly and has little or no worthwhile benefits.
2 Stars: 2 Star RatingBelow Average
Has some features of value, but in comparison to others performs below standard.
3 Stars: 3 Star RatingAverage
A fair product with regards to its competitors - has no outstanding features or benefits.
4 Stars: 4 Star RatingGood
In comparison to other products performs above standard, has beneficial features.
5 Stars: 5 Star RatingExcellent
Performs well above standard in comparison, has exceptional features and benefits.

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