Glossary of Pension Release Terms
Cash In A Pension
Cash in a pension or "Cashing in a Pension", is the term mainly used when someone takes their pension benefits earlier than when they retire.
Company Pension
A pension scheme provided by an employer to provide pension benefits for their employees.
FSA
Short for Financial Services Authority, which regulates financial advisers in the UK.
Personal Pension Scheme
A pension that is not an occupational or stakeholder pension scheme.
Pension Release
Pensions Release is a term used for taking the benefits from a pension before your normal retirement age and getting up to the maximum cash (tax free), maximum income or a combination of both.
Pension Release Adviser
Independent Pension Specialists employ qualified Pension Release advisers who will always recommend to you the option that is right for you.
Pension Surrender
Surrendering a pension is when someone wishes to unlock their pension funds before their normal retirement date.
Selling A Pension
Legally you are not allowed to sell a pension. However many people use the expression "selling a pension" when they talk about unlocking cash from a pension fund before their normal retirement date.
Unlock A Pension
Unlocking a pension is when someone unlocks a cash lump sum and/or income or a combination of both from a pension fund early.
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