Cashing in your pension early

There could be many reasons why you may wish to cash in your pension and get your tax-free lump sum before reaching your normal retirement age. This is possible for people who have reached age 50 (55 from April 2010). This can include taking an income or just accessing the tax-free lump sum and deferring the income until you actually chose to retire.

Cashing in your pension could seriously reduce your lifestyle and financial security in retirement. The people who usually draw this tax-free lump sum are facing an emergency need for funds such as legal or medical bills or other personal funding needs.

We can help you identify the cost and risks of cashing in your pension early so you can decide if this is a good option for you or if other ways of raising capital are more suitable.

What we can do for you and your pension

Work with you to establish your needs and objectives, preferences and personal circumstances and advise on any alternative methods of raising emergency capital.
Analyse your existing pension arrangements and establish the options available to you including your tax-free lump sum entitlement.
Provide you with balanced advice so you understand the advantages and disadvantages of each of the options available to you.

Confirm all our findings and pension advice in a written report to you after researching the market thoroughly and selecting products and pension providers to meet your needs where this is appropriate.
Execute your pension instructions once you have made a decision.
Provide an ongoing pension monitoring and advice service if you require it.

Because life changes

Get started

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