Your pension freedoms
Your pension freedoms
Introduced by the government, the pension freedoms are designed to give you more choice and flexibility
We are authorised and regulated by the Financial Conduct Authority
The pension freedoms: at a glance
Introduced in 2015, the freedoms are the most radical change to pensions in a generation. As long as your savings are in an eligible scheme you can do the following from 55:
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. Tax is based on current HMRC regulations and is subject to change.
What pensions are eligible for the freedoms?
Are the pension freedoms right for you
While there’s a lot to like about the pension freedoms, the flexibility on offer can create a number of challenges.
- You could end up with a large tax bill
- You could run out of retirement savings too soon
- Your pension investments need regular management
This is why so many people ask an independent and regulated financial adviser for help.
Get started for free
We can check to see if the pension freedoms are right for you. Our initial investigation into your pension is free. And in most 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 if the pension freedoms are right for you.
Your permission
Our boffins
Your decision
Pension freedoms and your final salary scheme
Doing so does mean giving up your guaranteed benefits, which for most people is not the best thing to do. That’s why you should speak with a financial adviser before making any decisions. And if your final salary scheme is worth £30,000 or more then by law you have to take this route.
