Pension tax-free cash
by the Financial Conduct Authority
Pension tax-free cash
With an eligible pension you could take up to 25% of your savings tax free from the age of 55.
We are authorised and regulated
by the Financial Conduct Authority
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.
What pensions are eligible for tax-free cash?
Our initial investigation into your pension is free. And in many cases we can continue to provide full advice with no obligation. At any stage you can choose to walk away, better informed and with nothing to pay.
How it works in 3 easy steps
With our no obligation pension check discover how much tax-free cash you could take and if it’s the right thing for you to do.
Your permission
Our boffins
Your decision
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.
Why so many people are releasing pension money2
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What you’ll get with Portafina on your side
Taking tax-free cash is a big decision, especially if you have a pension with valuable guaranteed benefits. It’s about weighing up the positive impact taking pension money early could have on your life right now with the potential loss of retirement income in the future.
We consider many different factors for our clients: from their current finances and objectives, to their plans for retirement and beyond. And we will forensically analyse each pension scheme to make sure each client is clear on all the pros and cons of making a change to their pension pot before any final decision has to be made.
1FCA Retirement income market data 2019/20
2 Portafina statistics: primary reasons for clients taking tax-free cash: up to 4th Nov 2020