Thinking about the pension freedoms?

With up to 25% tax free, use your pension savings in the best way for your life and your future. Take advantage.

How free can you afford to be?

Seizing the day can be a great feeling. And this is what thousands of people across the UK are doing, taking money from their pension pot, from the age of 55, to tackle a current pressing need or opportunity. The trick to making the right decision is to balance the impact your actions now could have on your life further down the line.

How could taking pension money early affect you?

Roughly how much is in your pension pot?
50005,0001,000,000
How much do you earn a year?
50005,000100,000
How much of your pension are you thinking of taking?
50005,0001,000,000

How much tax could you pay?

The right thing to do?

Only you are in a position to know how important your current need is. You should think carefully about the long-term impact of your decision.

The great news

It doesn’t have to cost you a penny to get advice on whether it is a good idea.

Let the experts help

We can show you exactly how much money you can take and what the implications could be. Let us take care of everything for you.

The purpose of this illustration is to give you an idea of how taking money early from your pension could affect you. It is not an accurate reflection of what will happen. Tax is calculated at 2018/2019 tax rates and could change in the future. A no obligation pension review will explain all tax implications based on your personal circumstances. Find out more about our assumptions.1

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What you will get from the pack:

  • A deeper understanding of all the pension freedom options available to you
  • Insight into how releasing tax-free cash could benefit you
  • Details on how our free, no obligation pension review works and how you could take advantage of it
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Why are so many people taking money from their pension early?

To solve a problem

Outstanding debt can be a real drain on the emotions. That is why tackling a credit card debt, mortgage or loan now is so appealing.

It can also make great financial sense, earning more interest than you are paying for your debt.

To lend a hand

Parents are programmed to want to help and more than ever the younger generation need a hand.

There are tuition fees to clear, deposits to save for and if the heart is beating hard then possibly wedding bells on the horizon.

To make a change

There’s a good chance that you are starting to reclaim some of that time and space you gave up.

And when that happens it’s natural to start thinking seriously about those upgrades that have long been planned, either around the home or on the car.

Your choice

These are just a few examples and of course everyone’s circumstances and needs are different.

Whatever your reasons for thinking about the pension freedoms, we will help you to make the right decision for you and your family.

Important note: You need to be aware that releasing your pension benefits early could reduce your income and standard of living at retirement. This is why pension release is only suitable for a limited number of people and circumstances and shouldn’t be seen as an easy way to raise funds.

A refreshingly frank approach

There’s no unnecessary jargon for you to decipher, no home appointments for you to squeeze in and no commitment to pay anything without knowing what you are going to get. All we need are a few basic details to get started.

Good to know...

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How much of my pension can I take?

If you have the right type of pension you can take as much money from it as you like when you reach 55-years-old.
Future protected income: they key facts

Pension release: all you need to know

Lots of people are taking tax-free money from their pension. Find out why and if it’s something you could, or even should, do.
What is a no obligation pension review?

Can I take all of my pension in one go?

With the right type of pension you can. Although, it could leave you a lot worse off in retirement. Discover the pros and cons.

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1. For this illustration we have assumed that: your pension provision allows you to access your maximum 25% tax-free cash allowance; you are not receiving any dividends or company benefits and that you have a standard basic tax code of 1185L using 2017/2018 rates. We’ve also assumed that you have not yet taken any of your tax-free cash allowance. These figures are based on UK taxation, however will look slightly different for Scotland.
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