What is Pension Release or Unlocking?

If you are aged 55 and over and not taking your pension income, you may be in a position to release a tax-free cash sum of up to 25% of your pension’s value.

This is allowed through current pension legislation if you have accumulated pension funds and a pension release could be of benefit to you if you need to release them today. A pension release or pension unlocking can free up a sum to the maximum tax-free cash allowed, which you can use to:

• consolidate expensive loans & debt.
• reduce your mortgage or pay for that unexpected expense.
• boost, top up your income or invest the balance.
• its you money – the choice is yours.