How Does Pension Cash Release Work?

The process to access and unlock the tax free cash from your pension has a number of very simple steps.

Information Gathering

Firstly we need to obtain information from your existing pension provider to enable us to advise you on your tax free cash release options. When you go through the "I am Interested" section and complete your pension provider's information this will pre-populates a "letter of authority". This letter allows us to request the information we need from your existing pension provider. This enables us to research your pension cash release options. Print off the letter (don't worry if you do not have access to a printer we will send you a copy in the post) sign it and post it to us at our Freepost Address - there is no need for a stamp. .

Analysis & Recommendation

Once we have gathered all the information on your pension(s) we analyse how much pension tax free cash is available to you. We communicate how much pension tax free cash you are able to access in simple, clear and easy to understand terms. You then tell us how much tax free cash from the amount available you want to unlock and release. The recommendation will include the risks, disadvantages but also the advantages and benefits of releasing the tax free cash from your pensions.

Completion

The final part of the process to release the tax free cash from your pension may be to transfer your existing pension funds to the most suitable pension release product provider. If this needs to be done, as independent financial advisers we will research the market on your behalf to recommend the most suitable pension provider from one of the major UK pension providers. Once the pension provider is in receipt of your pension funds they send your tax free cash direct to your nominated bank account or to your home by cheque, whichever you prefer. Your remaining pension fund will remain invested with the pension provider. You can even continue to contribute, subject to eligibility rules, to your pension.

You are in total control from start to finish. We will inform you how your application is progressing and when you are likely to receive your unlocked cash.
 
Our Charges and Fees
 

There is no charge for us to investigate, research and send your report detailing the amount of tax free cash you are entitled to. It costs you nothing to find out how much tax free cash you can release. If you decide to proceed we will write to you confirming the charges or fees that will become payable once the cash release process has been completed. The charges or fees will only be levied if you decide to proceed and release the tax free cash. In the vast majority of cases our clients prefer to have the charges or fees to be taken from the remaining pension fund after release of the tax free cash. This means you receive the full amount of your tax free cash from your pension.