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Pension release

Everything you need to know about taking money early from your pension. We are authorised and regulated
by the Financial Conduct Authority
FSCS Protected

Pension release explained

Everything you need to know about taking money early from your pension.

We are authorised and regulated
by the Financial Conduct Authority

Slide Over 1.3 million
The number of pensions accessed for the first time since 2018.1

What is pension release?

Pension release is the withdrawal of money from an eligible pension fund. In almost all cases you must be 55 or over, and the first 25% released is tax free.

Want to find out if you’re eligible and how much money you could release? At Portafina we cut through the jargon, making the process easy and hassle free. Discover more.

Slide The number of pensions accessed for the first time since 2018.1 Over 1.3 million

What is pension release?

Pension release is the withdrawal of money from an eligible pension fund. In almost all cases you must be 55 or over, and the first 25% released is tax free.

Want to find out if you’re eligible and how much money you could release? At Portafina we cut through the jargon, making the process easy and hassle free. Discover more.

Taking pension money early isn’t right for everyone because it could leave you with less to live on in retirement. That’s why it makes sense to talk with an independent and regulated adviser, such as Portafina, first.

Why so many are releasing pension money early2

Why so many are releasing pension money early

Slide 7% 32% 21% To make home improvements To tackle a debt To buy a
new car

Do you qualify for pension release?

If you can answer yes to the following 3 questions, you could qualify for pension release through Portafina.

  • Are you 55 or over?
  • Do you have a private pension or final salary scheme
  • Do you believe your pension pot is worth £12,500 or more?
Do you qualify for pension release?

How it works in 3 easy steps

With our no obligation pension check discover how much you could release from your pension and if it’s the right thing for you to do.

Slide Step 1
Your permission
Complete and return a simple form giving us your permission to check your pension.
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Our boffins
Our specialists gather and analyse all the information we need about you and your pension.
Slide Step 3
Your decision
We’ll send you a report, clearly stating what we think you should do. The choice is then yours.
If you decide to make a change to your pension, including releasing money from it, we will take care of everything for you. We’ll also let you know in writing what the fee would be. Or, you can choose to walk away with nothing to pay.

1https://www.fca.org.uk/data/retirement-income-market-data
2 Portafina statistics: primary reasons for clients taking tax-free cash: up to 4th Nov 2020