Are you looking for something specific?
Is there a particular product you want to find out more about? Or maybe you have a specific question in mind? If so, you are in the right place.
We are authorised and regulated by the Financial Conduct Authority
What is pension release?
Pension release simply means taking money from your pension early. With the introduction of pension freedoms in April 2015, you can take as much of your pension as you wish from the age of 551. Providing you have an eligible scheme, this could be in the form of one-off lump sums or setting up a regular income. And the first 25% is tax-free. Any further withdrawals will count towards your annual income and could be subject to tax.
For more information visit: What is pension release?
For more information visit: Pension drawdown
Can I take all my pensions in one go?
For more information visit: Can I take all my pension in one go?
How much of my pension can I take?
For more information visit: How much of my pension can I take?
Can I take money from my private pension to buy a property?
For more information visit: Can I take money from my private pension to buy a property?
Can I take money from my pension at 55?
For more information visit: Can I take money from my pension at 55?
Is pension release legal?
For more information visit: Is pension release legal?
Can I access money from an opted out SERPS scheme?
For more information visit: Can I access money from an opted out SERPS scheme?
Can I transfer my pension to my bank account?
What is pension release?
Can I take my pension at 55 and still work?
How much tax will I pay if I release my pension funds while still working?
What is flexi-access drawdown?
If I take 25% of my pension, what happens to the rest?
I’m taking my 25% tax-free lump sum, how will the rest be taxed?
Types of pension:
What is an annuity?
For more information about annuities visit: What is an annuity?
What is a defined benefit pension?
What is a deferred pension?
What is a private pension?
What is an AVC pension?
What is SERPS?
What is a SSAS pension?
What is a widow’s pension?
What is a crystallised pension?
What are private pensions and how do they work?
What is the difference between a State Pension and a private or company pension?
For more information visit: What is the difference between a State Pension and a private or company pension?
What is State Pension age?
How much should I pay into my pension?
How does tax relief work on pension contributions?
Is there a limit to how much you can pay into a pension?
How do I combine my pensions?
Should I combine my pensions?
Combining or consolidating your pension can come with many positives, such as having all of your funds in one place. In some cases, however, it could be detrimental to combine your pensions as by transferring out of certain schemes you will lose valuable benefits and guarantees. Therefore, it all depends on the pension schemes you currently have and the one you would be transferring your funds into. At Portafina, we can take a look into your pensions for you and let you know the best options for you.
What is a no obligation pension check?
Find out more about your no obligation pension check here: What is a no obligation pension check?
Where can I get pension advice?
How much does an independent financial adviser charge for pension advice?
What are the pension options in retirement?
- Take a regular income
- Take lump sums as and when you need to
- Keep your savings invested
- Take your tax-free cash, if you haven’t already
- Buy an annuity
- Combine multiple options to get the best outcome for you
Deciding the right option can be tricky. A regulated financial adviser can help you find the best option.
Find out more about your retirement options: What are the pension options in retirement?
Can I transfer my pension myself?
How do I find my pension?
The simplest way to find a lost or forgotten pension is to use the government’s online tracking tool. With this service you can track down lost pensions using the name of any previous employers or the names of any personal pensions you have. In some cases, you can use your National Insurance number to locate a pension.
What will my pension income be?
How do I check my pension?
How much is my pension worth?
Where can I find my National Insurance number?
You are likely to need your National Insurance number for a range of things throughout your life, the most important being National Insurance contributions and tax. Your National Insurance number can be found on your payslip; on your P60; on letters about tax, pension or benefits; and in the National Insurance section of your personal tax account. You can find further help on the government website.
What is Pension Lifetime Allowance?
What is Money Purchase Annual Allowance?
What is pension/retirement age?
How to certify a document
What is the history of pensions?
Visit our pensions timeline page to find out some of the changes that could affect your future.
A quick reminder that the tax you pay depends very much on the current rules and your personal circumstances, and so could change in the future.