Whats the catch?
Is there a catch to releasing your pension?There is a great temptation to release money from your pension, especially if you really feel that you need it now. However, please bear in mind that unlocking your pension now means that your income in retirement will probably be considerably less than if you waited until your normal retirement age. This means that you will have less to live on when you retire, and as such pension unlocking is only suitable for a very limited number of people. Pension unlocking is rarely in anyone's long term financial interests and it should be considered only in exceptional circumstances where you have immediate needs and no other option. You should ask yourself if you really need to raise extra cash? If so, could you borrow the money by way of a personal loan or remortgage? Do you have any savings or other assets you could use? Your pension consultant will recommend the option that they consider is best for you having established all the advantages and disadvantages, your objectives, circumstances and the other options you could use for raising the money. If you chose not to proceed there is no cost or obligation for you. We are paid only if you proceed. |
Would you like more information on pension release?Braemar have a team of experts who will always identify the maximum benefits you could receive and advise you on your best course of action. Simply complete the Free No Obligation Information Pack form on the right and you will be contacted by a dedicated pension release consultant. |