Photo courtesy pensionloansscheme.co.uk
Until recently, it was not possible to release cash from your pension before reaching the minimum pensionable age of 55 years.
Due to a legal loophole, our legal experts and tax specialists have been helping thousands of people like you to access and release their previously unaccessible cash.
An added advantage is that, although you receive a cash lump-sum now to re-invest as you choose, your pension remains in tact, giving you the additional bonus of having your cash now and still having an improved pension to provide an enhanced income in retirement.
If you don’t have all the paperwork or statements don’t worry, you only need the names of your previous employers and we will do the rest. Our highly experienced consultants will conduct an extensive review on your pension, which includes locating and retrieving all of your old or frozen pensions.
Photo courtesy guardian.co.uk
Once we have traced all of your old or forgotten pots of money from previous employments, you will be shocked, like most of our clients, at the total amount we find and provide you immediate access to.
Typical example:
The average client aged 45 years, would be aware of between 1 and 2 pensions totalling approximately £49,000. By the time we conclude our FREE 45 minute consultation and comprehensive pension review, they end up with between £90,000 and £283,000, of which we can release up to 80% as a Tax Free lump sum in CASH!! All within 6-8 weeks.
If you would like to release some or all of your cash locked away in your pension(s) simply contact us below.
Pension Release
Photo courtesy moneyadviceservice.org.uk
5 Key FACTs why you should take charge of your pension funds NOW; (While you can!)
FACT 1. It will provide you with a substantial TAX FREE lump sum of Cash, that you can re-invest, re-assign or simply boost your finances to increase your options now and in the future.
FACT 2. The maximum tax free cash you will ever receive, even if you left your pension until retirement would be 25% of your total fund. The rest would be taxed again and paid to you as an annual figure, that will continue to reduce in line with the falling stock market.
Doing a pension release now would give you up to 80% of your fund, which is more than three times the eligible Tax Free cash amount you would ever receive from the standard Government pay out at 65!
Plus the invaluable advantage of stemming the debilitating fund eroding charges, while gaining control of how and where your hard earned money is invested. (Highly critical in the current economic climate).
FACT 3. More than 80% of the UK population will be facing poverty in retirement according to a pension report commissioned by the Institute for Fiscal Studies. This is mainly due to the poor performing stock market and very bleak future projections, which most annuities (your annual pension payments) are linked to.
FACT 4. The Financial Services Authority (FSA) have announced that in 2014 all pension projections will be slashed, forcing pension companies to stop providing over-inflated and unrealistic growth projections on statements to their non-assuming clients. This will further reduce your fund amount and provide you with a clear indication of further dangers and uncertainties ahead.
FACT 5. Releasing the cash from your pension now would enable you to take charge of your financial future and access a wider range of savings and investment options that you control. It would enable you to invest in valuable assets such as property, a business or your childrens education. Through Smart Money we can help you to acquire a property with no mortgage and as little as £5,000 deposit. Guaranteed!!
Read more…
To find out more simply complete the Smart Money Enquiry form below.
Missing pensions
Retirement savers have lost track of millions of pounds of pensions and investments which could add to their income now and when they give up work.
National savings & Investments (NS&I) estimate 16% of the UK population, or 7.66 million adults, believe they have money in an account or pension somewhere, but don’t know where or how to trace it.
More than one in four (28%) have lost their account details, while 27% can’t remember all of the accounts they have opened.
Photo courtesy publicservice.co.uk
Many put their forgetfulness down to relationship break ups and moving around for work. The NS&I’s John Prout said: “Even small amounts of money can help with the costs of day-to-day living, so it’s important people keep track of their savings no matter how much they’ve previously put away.”
The study revealed 60% of adults try and find their pensions and lost accounts, whereas the largest amount of unclaimed money totalling billions of pounds, still remains in unclaimed or lost pensions.
If you would like to locate all of your missing or frozen funds, submit your details below. One of our Smart Money pension experts will get back to you. Please be sure to leave a contact number and best time to call below:
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