What are the implications after I have released my pension?
Since 2015 you are allowed to release all of your pension fund at 55, but depending on your situation it may have an effect on your current finances or legal status.
Call 0800 304 7288 for a friendly chat about your pension
Stephen finished his documentary
Documentary-maker Stephen took money from his pension to complete his long-in-the-making documentary “After ‘82”, which explores the history of the AIDS crisis in the UK. Click the link to watch Stephen's story.
Pension cash enabled Alan to clear debts
Alan had credit cards charging high rates of interest. Taking some tax-free cash from one of his pensions allowed Alan to clear the cards, and the rest remained invested for the future. Click the link below to watch Alan's story.
Finding old pensions changed Mark’s future
Mark wanted us to find his pensions from previous jobs. Tracking them down gave him almost £20,000 more for the future. We then combined them into a single pension fund, giving more control than before. Click the link below to watch Mark's story.
Releasing your pension benefits early could reduce your income at retirement and therefore is only suitable for a limited number of people and circumstances.
On this page we talk about your pension and tax implications. Tax treatment depends on your individual circumstances and may be subject to change in the future.