New Pension Freedom - overview
The following only applies to Defined Contribution pension plans and NOT Occupational or Final Salary pensions which are calculated based on your years of employment and leaving salary.
If you are over age 55 you can now access some or all of your pension, to use as you wish.
You can do this if you are working or not. Other than the normal 25% of the fund value being available Tax Free any additional monies you take, however you take them, are liable to income tax deduction at your highest rate of tax.
View our 52-second video about Pension Freedom
Your options are:-
Confidential Advice from PensionLite
As specialists in pension we are very aware that confidentiality is vital when it comes to matters such as these, and we can assure you that your enquiry is dealt with confidentially by our highly trained and qualified team. We can tell you whether you are eligible for pension release and advise you on how it could affect your circumstances, now and in the future.
For more information on our excellent services and to find out more about pension release and whether it could be the right choice for you, contact us on 01952 279 379 today. Alternatively you can book a consultation call online.
The options listed here are for information purposes only and should not be viewed as financial advice. You should always ensure you seek financial advice relevant to your specific needs and circumstances before making any financial decisions.