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Archive for the ‘Pension Release for over 55′s’ Category
Monday, April 11th, 2011
So, you’ve heard that once you hit the age of 55, you are allowed to release a tax free lump sum of up to 25% of your pension fund. It might seem like the lottery windfall you have always dreamt of, but unfortunately unlocking equity from your pension comes at a cost.
 It is essential that you don’t jump into this huge financial decision without obtaining professional pension release advice.
Is pension release a good idea?
We know that a tax free lump sum out of your pension before you retire sounds a bit like all your Christmases have come at once, but it really is an important decision with some serious consequences. It’s not that pension release is a bad idea, it is just only suitable for few people in certain circumstances.
Who can release their pension?
You cannot release money from your state pension but you can from other schemes. If you are over the age of 55 you qualify BUT your existing scheme may not allow this. If your pension is with your current employer it is most likely that you would have to cease being a member of that scheme with serious financial loss.
If you have pensions from past employment or personal pensions it is worth at least considering your options.
Normally the maximum you can release from your pension is 25% of the fund value but pension release is not advisable for most people unless in extreme circumstances.
Why do I need expert pension release advice?
If you are considering pension release you will need a thorough review of your current pension, other finances, attitude to risk and personal circumstances. An independent financial adviser is able to do this for you, allowing you to assess when pension release really is the right choice for you.
What are the disadvantages to releasing my pension?
The main downfall is that reducing the size of your pension fund decreases the amount of money you have available to purchase an annuity at retirement.
This will have a significant impact on your annual income, and is not recommended if you will have financial struggles through retirement as a consequence.
Can Pensionlite help?
 Yes, of course we can. As pension and retirement specialists, we are ideal providers of pension release advice. We are committed to helping customers unlock their pensions, but we want you to make sure that the decision is right for you.
We believe that by working together we could enhance your retirement, rather than hinder it with worries about bills and making ends meet.
Pensionlite carries the prestigious status of Chartered Financial Planners.
Our Chartered status, granted by the Privy Council, is our industries gold standard for financial planners and is currently held by less than 300 firms across the country.
This status brings with it serious obligations to ensure the advice, service and ongoing support we provide for you is of the highest quality, based solely on your researched needs and provided by someone of appropriate competency.
We offer whole of market choice and have no links or ties to any single business or organisation.
Our aim is to provide our clients with tailored solutions, created by advisers with particular skills and specialist qualifications.
Our advice process is always to gather a full understand our clients needs, circumstances and aspirations together with detailed analysis of any existing arrangements and make written recommendations before any decisions or actions are taken.
We provide free, independent, no obligation review and recommendation reports covering all aspects of our specialist areas of work.
Knowledge is power and unless you know, how can you decide on a course of action.
We look forward to being of service.
To contact us telephone 01952 279 379, e mail enquiries@pensionlite.co.uk to get the pension release advice that you need.
Tags: need pension release advice, pension release, pension release advice, release pension
Posted in Pension Release, Pension Release for over 55's
Wednesday, April 6th, 2011
If you are struggling financially but have thousands of pounds tied up in a pension fund, have you considered pension release? The UK government allows people over the ages of 55 to release pension money from their personal pension fund.
You can access up to 25% of the fund that you have saved up throughout your working life but leave the remaining balance invested.
 Does releasing pension money mean I am retiring?
No. The government allow you to access up to 25% of your pension fund over the age of 55 without having to retire. The rest of your money can stay in the fund and continue to grow.
You can also add further contributions at some point in the future when your finances are in a better state and these will produce more tax free cash and more income.
Why would I want to release pension money?
Generally, independent financial advisers do not like to recommend pension release due to the drawbacks associated with it. However, in certain circumstances the result can be life changing.
What are the disadvantages?
There are a number of drawbacks to releasing your pension prior to retirement, particularly if you release pension cash as early as possible. These include a smaller pension pot to buy an income at full retirement leading to a lower living standard.
Pension release can be very risky if you are unsure of just how comfortable you will be throughout your retirement.
Do I need professional advice?
Yes. By working with an independent financial adviser, you can have your current situation and pension assessed. This will allow you to understand how much your pension pot is worth now with a projected annual income, and how much you are likely to receive if you do release pension money from the fund.
A financial adviser will also ask you to complete a questionnaire which will allow the adviser to understand your attitude to risk; and will also need to know details about your personal life such as marriage, dependents, and the lifestyle you wish to achieve. Only then can your adviser make an appropriate recommendation regarding releasing your pension benefits early.
Can Pensionlite help?
Pensionlite carries the prestigious status of Chartered Financial Planners.
 Our Chartered status, granted by the Privy Council, is our industries gold standard for financial planners and is currently held by less than 300 firms across the country.
This status brings with it serious obligations to ensure the advice, service and ongoing support we provide for you is of the highest quality, based solely on your researched needs and provided by someone of appropriate competency.
We offer whole of market choice and have no links or ties to any single business or organisation.
Our aim is to provide our clients with tailored solutions, created by advisers with particular skills and specialist qualifications.
Our advice process is always to gather a full understand our clients needs, circumstances and aspirations together with detailed analysis of any existing arrangements and make written recommendations before any decisions or actions are taken.
We provide free, independent, no obligation review and recommendation reports covering all aspects of our specialist areas of work.
Knowledge is power and unless you know, how can you decide on a course of action.
We look forward to being of service.
Tags: pension release, release my pension, release pension
Posted in Pension Release, Pension Release for over 55's
Wednesday, March 30th, 2011
Did you know that once you reach the age of 55, you are entitled to release up to 25% of your pension fund as a tax free lump sum, in what is known as ‘pension release’? This does not mean you are taking early retirement or anything like that, as you would continue to work and contribute to your pension as normal.
Sounds great? But like all good things, there is a catch – a rather large catch.
 If you go through with pension release, you will almost certainly receive a lower income during your retirement, alongside losing out on benefits and guarantees written into your pension scheme.
Pension release is a serious financial decision which should never be taken lightly or decided upon in the heat of the moment. You need to seek advice from a qualified financial advisor to ensure that you are prepared for the drawbacks to releasing equity early.
What if I don’t need the lump sum at 55?
Although the government has set the minimum age for pension release at 55, you do not have to take it then. You are free to consider unlocking benefits from your fund at 55 and over – if you want to do it at all.
Why should I consider pension release?
Many people would love to get their hands on a tax free cash lump sum and may even dream about it, but what would you use it for? If there were no consequences and it was ‘free’ money, you would probably fulfil your dreams and splash out, but when there are serious drawbacks for your financial stability in the future, what to spend it on is an important aspect.
Pension release can be a good idea for those people wanting to pay off a mortgage, or want to obtain a large amount of money without using a loan or overdraft, or for people in severe financial difficulty. If you are considering releasing your pension, it is important enough to discuss it with a financial advisor.
Why don’t you want me to release my pension?
It’s not that we don’t want you release your pension if that is what you have decided upon, we just want to ensure that you are fully prepared for the consequences to pension release.
For some people, unlocking their pension is the only realistic option available to them and changes their life – but for the majority of people it is best avoided. We don’t want to scare you away from releasing your pension, just talk you through your best plan of action.
How can Pensionlite help me?
Pension&Investor Lite carries the prestigious status of Chartered Financial Planners.
Our Chartered status, granted by the Privy Council, is our industries gold standard for financial planners and is currently held by less than 300 firms across the country.
 This status brings with it serious obligations to ensure the advice, service and ongoing support we provide for you is of the highest quality, based solely on your researched needs and provided by someone of appropriate competency.
We offer whole of market choice and have no links or ties to any single business or organisation.
Our aim is to provide our clients with tailored solutions, created by advisers with particular skills and specialist qualifications.
Our advice process is always to gather a full understand our clients needs, circumstances and aspirations together with detailed analysis of any existing arrangements and make written recommendations before any decisions or actions are taken.
We provide free, independent, no obligation review and recommendation reports covering all aspects of our specialist areas of work.
Knowledge is power and unless you know, how can you decide on a course of action.
We look forward to being of service.
To contact us telephone 01952 279 379, e mail enquiries@pensionlite.co.uk for advice about pension release.
Tags: pension release, release my pension, release pension
Posted in Pension Release, Pension Release for over 55's
Sunday, February 20th, 2011
The short answer to this popular question is that you might need the money, or even just want the money. The long answer involves a lot of consideration of future consequences and a possible loss of benefits.
It is important that you ask yourself: ‘will it harm me in the future if I release my pension?’ If you’re unsure of the answer, it is highly recommended that you contact an independent financial advisory firm for some impartial and reliable advice.
 Pension release is where up to 25% tax free cash from your pension fund can be released once you are aged 55 or over. The idea behind it is to release equity from your investment giving you the opportunity to obtain a large amount of cash.
There are bonuses to pension release, most of them obvious, such as the lump sum you would receive, but there are serious disadvantages that you need to consider.
Pensionlite are an independent financial advisory firm regulated by the Financial Services Authority, and as we specialise in retirement and pension, we think you should give us the chance to talk you through releasing your pension.
We offer unbiased, impartial and independent advice and we always consider our customers first, as each client’s circumstances as completely unique. We wouldn’t be doing our job properly if we didn’t pay attention to our client’s financial and personal situation – so don’t worry about ‘off the shelf’ advice.
If you are in a financially difficult situation and have been wondering to yourself, ‘Can I release my pension?’ the answer is of course yes. However, we would never recommend releasing the full 25% allowance on a whim and then struggling through retirement on a low income.
 As you don’t have to physically retire to qualify for pension release, you can continue working for another 10 years or so and carry on contributing to your pension fund. This will top up your pension but it is very unlikely that it will be back to the point before you released any cash.
Are there any other consequences if I release my pension?
Yes. As we said, this is major financial decision and should not be taken lightly. It is extremely important that you are fully aware of all the advantages and disadvantages before you commit to any life changing decisions.
 By releasing funds earlier you could lose benefits or minimum payment guarantees offered by your pension scheme, however this will depend on the terms and conditions, so every case is different. Basically, unless you have very good reason, it is usually not advised to release equity from your fund. However, there are certain situations where it is a viable option.
To discuss your options with a professional, contact Pensionlite today. One of our fully qualified financial advisors will arrange to meet with you, review your current pension plan and discuss how much tax-free cash you could be eligible for, completely free of charge. Remember, seeking impartial financial advice is key to achieving a secure retirement.
Contact Pensionlite now on 01952 279 379
Visit our website www.pensionlite.co.uk now to get the pension release advice that you need!
Tags: can I release my pension, need pension release advice, Why Would I Want To Release My Pension
Posted in Pension Release, Pension Release for over 55's
Thursday, February 17th, 2011
 Many people are unaware of pension release until later in life, and when they do find out that they’re eligible for a 25% tax-free lump sum from your pension at the age of 55, it’s something that a lot of people grab with both hands. Although pension release has no constraints other than your age and the percentage of equity you are allowed to release, it is still quite a risky idea. Perhaps you are aged over 55 and have suddenly hit a financial stumbling block – would a cash injection be ideal for you? The chances are, the answer is yes, but it isn’t always the best idea.
 Pension release allows the pension holder to release up to 25% of their fund, whilst continuing in employment until they decide to retire, allowing them to continue to contribute to their pension. This might sound like a dream situation, but it can end in a nightmare if you haven’t seriously considered your options.
Why do I need Independent Financial Advice?
may seem like a relatively straight forward idea, but pension release has some drawbacks. If you have considered all the disadvantages and you have taken the time to consider pension release, it might be the perfect option for you, but too many people rush into this decision.
 Discussing pension release with an independent financial adviser such as Pensionlite is highly recommended as taking benefits from your pension now will reduce the amount you receive once you retire. As we all know, a pension is a top priority once you are nearing retirement, so it is essential that you are fully aware of what is entailed.
Drawbacks? Yes. Ideal for everyone? No. Perfect for some people? Yes.
Certain circumstances and certain types of people are ideally suited to pension release, but it should not be considered as a ‘get rich quick’ scheme. Some pension schemes could include a loss of guarantees, benefits, discretionary increases and annuity rates could vary dramatically.
Every individual is exactly that, an individual, so everyone’s situation is completely unique, and no one situation can be compared with another, which is why is it necessary to seek independent financial advice. Pensionlite are an IFA firm regulated by the Financial Services Authority, but more importantly, we are experts in pensions and retirement.
For some, pension release has been the gift they have been waiting for as freeing up capital may help in some situations. If you do decided upon pension release at 55 or over, you can still contribute to your pension and help rebuild it, but you should not expect your benefits to be the same as before you released cash. When you do continue your contributions, they will still benefit from tax relief and will be invested along with the remaining balance of your fund.
Pension release is major decision and could be an important step on your journey to retirement, but don’t make the mistake of jumping at the chance for a lump sum. Pensionlite can provide you with the information and advice you need to make such a big decision a success.
Pension&Investor Lite carries the prestigious status of Chartered Financial Planners.
Our Chartered status, granted by the Privy Council, is our industries gold standard for financial planners and is currently held by less than 300 firms across the country.
 This status brings with it serious obligations to ensure the advice, service and ongoing support we provide for you is of the highest quality, based solely on your researched needs and provided by someone of appropriate competency.
Pension & Investor Lite, is an Independent Financial Adviser firm, Directly Authorised and Regulated by the Financial Services Authority, specialising in Pensions & Investment.
We offer whole of market choice and have no links or ties to any single business or organisation.
Our aim is to provide our clients with tailored solutions, created by advisers with particular skills and specialist qualifications.
Our advice process is always to gather a full understand our clients needs, circumstances and aspirations together with detailed analysis of any existing arrangements and make written recommendations before any decisions or actions are taken.
The Next Question On Your Mind Is Bound To Be Around Cost?
Don’t worry, Pensionlite does not charge to investigate your current pension plan or provide you with pension release advice. When you decide if you are going to proceed, your adviser will fully inform you of any fees involved.
Knowledge is power and unless you know, how can you decide on a course of action.
We look forward to being of service.
To contact Pensionlite:-
Telephone 01952 279 379
E mail enquiries@pensionlite.co.uk
Visit our web site www.pensionlite.co.uk
Tags: need pension advice, need pension release help, pension release
Posted in Pension Release, Pension Release for over 55's
Wednesday, November 3rd, 2010
You may or may not be aware that anyone over 55 is entitled to, should they so desire, lift a tax-free lump sum of up to 25% of their pension fund. Pension release UK rules mean that you don’t even have to stop working in order to claim this cash.
However, unsurprisingly, this doesn’t come without its downsides. Taking the money at an early stage in the form of one chunk will almost always reduce your income during retirement. (Fairly obviously, since the sum is drawn from your pension fund.)
 It is also dangerous in situations such as where you’re planning to purchase a certain annuity when you retire, as taking the tax-free lump sum now will reduce the fund available, and, if annuity fees change between now and when you retire, you could be left some way short of what you’d planned.
You may have very good reasons for wanting to capitalise on the opportunity to pick up a large amount of cash tax-free, however, and there are circumstances under which it would be financially worthwhile and sensible.(It doesn’t have to be as much as 25%, either.) Deciding whether or not to do it, then, will be a case of weighing up these reasons against the significant downside of a lower pension income.
If the argument for taking a lump sum now is so compelling that it justifies considerably reducing your pension income, then fair enough. This can be the case, and if so, would come up in a discussion with your financial adviser—there’s no hard and fast rules. (Taking a full 25% now, throwing a monster retirement party, and then being saddled with a low income for the rest of your life is unlikely to be recommended by us, though. Unless we’re invited.)
Since you don’t have to actually retire, but merely be 55, in order to release a tax-free lump sum, you don’t have to stop working if you do decide to go for pension release. This does mean that you can continue earning for a number of years, and top up your pension fund back to where it was, or maybe even above.
However, that’s really just a trick of how one thinks about it; your pension income will still almost certainly be lower than it would have been had you not taken the lump sum. It’s also possible that by releasing funds early you will lose certain benefits or guarantees that may have been written into your pension scheme.
All things to weigh up. The truth is that unless you know that you have a very good reason to release a substantial cash amount from your pension fund, it’s unlikely to be a good idea.
It is imperative to discuss it with an independent financial adviser. We can review your current pension plan, and inform you of how much tax-free cash you are potentially entitled to, free of charge.
We can consider your personal situation, help you decide whether or not taking the lump sum would be a good idea, and keep you clear on pension release UK regulations. If you do decide to do it, we will arrange the process for you.
If it wouldn’t be prudent for you, or there are other ways round whatever it was that caused you to consider withdrawing the lump sum, then we will, of course, tell you.
Tags: advice, funds, investor, pension, pensions, regulations, release, retire, retirement, uk
Posted in Pension Release for over 55's
Tuesday, November 2nd, 2010
The idea behind pension release is to continue working but release some of your pension before retirement. Taking pension benefits early will reduce your income from your pension when you retire, and it is only suitable for some people depending on circumstances. It is not a decision to be taken lightly and you must be certain that you will be able to live without a full pension upon retirement.
Contributing to a pension
If you have released some of the equity from your pension fund before retirement, you can still continue to make additional pension contributions. These additional payments will still be relived of tax, and when you do retire, both this fund, and the fund you have already received cash from, will be added together to provide you with your pension benefits.
 What you can expect to receive
There are many factors taken into consideration when an actual figure is quoted, these include the size of your fund and objectives. Generally speaking, a maximum of 25% of the value of your pension can be released as a tax free lump sum.
However, as attractive as this sounds, it is important that your plan for your retirement accurately, and ensure that your remaining investment is producing to its full potential.
Specialist advisors will be able to provide your with sound investment advice and discuss your attitude to investment risk. Pensionlite are a specialist pension firm, rather than general financial advisers, and are therefore prepared to give you the best advice available regarding releasing your pension and any further investment.
Who is eligible?
Currently, any person over the age of 55 is eligible to release equity from their pension in a tax free cash lump sum. There is no need to retire when you release your pension, but you are not able to release anything from your current employer’s pension scheme if you are still making contributions.
Will pension release affect any state benefits?
It is possible that any state benefits will be affected but it does depend on what benefits you are in receipt of, and how much equity you would like to release out of your pensions. Your local benefits agency should be able to advise you on whether your benefits will be affected.
In many cases state benefits are not affected if you receive correct advice on how much to release from your pension.
Is pension release the same as selling my pension?
The short answer is no. You are not allowed to sell your pension, you are simply taking money out of something that is already yours. Pension release is also not a loan because the money is yours in the first place.
Pensionlite
Pensionlite are pension specialists who are committed to providing excellent customer service to any consumers. We do not charge any initial fees for investigating your circumstances and informing you of your available options, so it will cost you nothing to establish whether it is something you would like to consider.
If you decide to continue, you will be fully informed of all the fees involved – it is also possible to pay your fees once the cash has been released, saving any money troubles prior to pension release. As Pensionlite are pension specialists rather than general financial advisers, and therefore we can ensure that the advice and recommendations we provide are of the highest standard.
You can be assured that all information provided will be individually tailored to your circumstances.
Tags: advice, benifits, pension, pensions, release, retire, specialist
Posted in Pension Release for over 55's
Monday, November 1st, 2010
The following story is the true experiences of one of our clients, names of course changed, and it may change your idea of pensions. Some months ago Mary who is 56 and lives in the NE, contacted us in a bit of a state. Part of her roof had blown off in a gale and her insurance company said they would not payout as her house was in such a bad state of repair.
Mary desperately needed £6.000 to repair her roof.
She lives alone and had worked as a teacher for 20 years or more. Money was tight and she remembered that she had an old pension from when she worked in a bank in her 20′s.
She thought that the bank pension was worth about £30,000 and wanted to know if she could get some cash out to repair the roof.
Now, you can take benefits early from pensions, currently when you are over 55 so it was possible. Taking just cash, which she needed, from your pension is not right for many people but Mary did have her teacher’s pension as well and so we agreed to do a Free Review of her options.
Turns out her old bank pension was worth £147,000 and the cash she could take was £36.750. Her old pension was a plan linked to her years of employment and leaving salary with built in inflation proofing so the value was linked to what she would have been earning now if she had stayed employed by the bank rather than what she was earning 20 years ago.
She was, as you would expect, delighted. After some counselling Mary decided to take some of her cash entitlement. She repaired the roof, had a new kitchen. bathroom. new car and redecorated in and out. She still has more cash available if needed, a pension fund with a value she she never expected plus her teachers plan to look forward to and she said it’s changed her life.
So Pensions aren’t as boring as you think, are they?
Tags: investor, pension, pensionlite, pensions, release, review, transfers, uk
Posted in Pension Release for over 55's
Friday, October 29th, 2010
If you cannot afford to make contributions to your pension or have just decided not to or have plans from former employment you have never thought much about you can still look to get better value.
Millions of pensions in the UK are what is called ‘paid up’. This means that for whatever reason no new contributions are being made to them.
 Unfortunately many of the people that own these pensions think that because they are not contributing to them that they cannot get them reviewed, transfer them or, if over age of 55, take benefits from them until normal retirement. This is not the case.
Not contributing to your pension gives you more of a reason to try and maximise your returns. In many cases lowering charges and improving investment returns could go some way to ensuring your funds at least keeps up with inflation.
You also do not want to get stuck with one of the worst performing or expensive plans.
Getting your pensions looked at properly and receiving some advice on getting the best from what you have is not difficult or time consuming. You should also not be concerned about people visiting you and pressing you into something you don’t understand.
At Pensionlite we deal with you on the telephone, by post and by e mail.
All we need you to do is, over the telephone, by post or e mail give us your pension plan number and provider details along with your name and address and we can begin your pension review process. Your instructions only allow for information to be gathered so no transactions can occur without your express authority.
Our aim is to produce for you an independent pension recommendation report that is in plain English, that you can understand, but which is specific to you and your pensions.
Pensionlites pension review and recommendation service if free of charge, independent and without obligation so you have nothing to lose by seeking specialist advice.
Enquire now ……
Tags: advice, lite, pension, release, review, specialist, transfers
Posted in Pension Release for over 55's 1 Comment »
Friday, September 3rd, 2010
When told by a friend of the possibility of obtaining a tax free cash sum through pension release I was dubious. I had never heard of pension release, let alone considered it, so naturally I pressed my friend for more information and found out that they had in fact reorganised their pension plan to obtain some welcome money.
This made perfect sense to me and started me thinking about how my situation could be bettered with a tax free cash payment from a pension release. The recession had hit my business hard and, like many others, I was experiencing difficult times.
Years back now, I put a great deal of time and effort into finding the right pension for me. Everybody has concerns regarding how they can ensure they enjoy financial security during their twilight years.
A good pension plan can do just that so I knew I had to find the unique scheme that would cover all my needs and provide a happy nest egg in old age.
Eager that I should do some thorough research, I read through brochures and looked on the internet, eventually visiting a number of high street branches, asking the advice of pension specialists, who were quick to analyse my personal details and circumstances and identify appropriate plans for me.
I weighed up my options and made my decision using all the information I had gathered.
I was pleased with my pension plan, but upon hearing my friend’s pension release story, I made up my mind to visit a specialist to obtain a full scheme review and see if I could benefit from a pension release, as unforeseen and unfortunate circumstances had made the potential payment a life changing prospect.
When the time came I was nervous, but the adviser calmed me, making it clear that I had no obligation to take the advice and proceed if I felt pension release wasn’t for me after all. We had to go into my personal details, including my pension scheme, very thoroughly, which made me a little uncomfortable but frankly highlighted just how much help a pension release could be.
I met the basic criteria, I was 57 at the time, you must be over 55, and my plan did in fact let me release some of my benefits early. For me, the decision was simple and my personal circumstance had made up my mind: I took the pension release.
I am certain I made the right decision. The cash really did help me through a particularly bad time. I didn’t have to transfer my pension and I actually continue to contribute to the pension plan, which effectively means I am storing up another potential source of income should further hard times arise and another pension release is necessary.
It is a big decision and not suitable for everyone, people must be aware that a pension release will reduce their final pension amount, but it was the right choice for me and genuinely helped me through a desperately difficult financial period.
Tags: advice, pension, pensions, release, specialist, transfer
Posted in Pension Release for over 55's Comments Off
Thursday, June 17th, 2010
Are you over 55 and thinking “I would like to release tax free cash from my pension”? Pensionlite are pension release UK specialists and we can help you unlock up to 25% of your pension TAX FREE.
Pension release is a decision that should not be rushed as it will reduce the amount received when you retire. Pensionlite believe that specialist advice is the key to managing your savings so you do not become unstuck in retirement. The excellent customer service and quality advice we give will ensure you make the correct decisions, our ongoing service provides frequent reviews of your funds assuring that your investments are managed in line with your own attitude to investment risk, giving peace of mind.
Being pension release UK specialist’s shines through with the work we do, we have outstanding feedback from clients who have unlocked there cash and continue to receive regular reviews. Pensionlite want our good work to continue through you, we will review your needs and help to unlock the tax free cash you want.
If you want our speedy assistance with reorganising your pension, we make sure that should you unlock some of your pensions the remaining funds are managed in line with your attitude to investment risk and in an environment which provides the opportunity for growth. Our team are here to assist you with decisions that involve your financial worries.
If contributing to a pension after unlocking your savings is what you wish to do, Pensionlite will help through this stage, keeping your funds together to produce extra benefits.
Depending on the size of your fund will identify the maximum benefits you’re entitled to. In most cases 25% of your pension can be released as a tax free lump sum. Our friendly team will give first class advice to assure the remainder of your funds are invested to suit you as an individual.
Are you thinking “yes, I would like to release my pension”? As long as you’re over the age of 55 pensionlite will help every step of the way. Pension schemes can be confusing; each pension fund is designed to fit around you so this means our advisers have to obtain full details of your arrangements and your circumstances and attitudes before making recommendations about releasing cash from your pension.
Some pension schemes will not let you release your benefits early. Transferring to a new pension plan may enable this to occur but at what cost? Our advisers will explain all your options and make recommendations, in the form of a report, explaining the tax free sum you are entitled to and any charges or long term effects it could cause to your retirement.
If pension release is for you then our speedy assistance and continual reassurance will help you to understand the implications of your final decisions. We want you to have a comfortable worry free future. Feel in safe hands with pension release UK specialists waiting to help now.
Call us for FREE expert advice and remember you are under NO OBLIGATION Call 01952 279 379 or Email enquires@pensionlite.co.uk
Tags: Investor Lite, Pension Lite, pension release, pension release UK, Pension schemes
Posted in Pension Release for over 55's
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Pension & Investor Lite, Pensionlite, Investorlite and ISAlite are the trading styles of Advicelite Ltd, which is Authorised and Regulated by The Financial Services Authority.
Registered office Summit House, Wanstead, London E11 2AA. Registration number 05217472
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