-
Printing Error Creates £438 Million Deficit in Military Pensions
A mistake described as “putting the decimal point in the wrong place” has meant the UK Treasury will have to find an extra £438 million to fund military pensions. Former Armed Services personnel will be paid from an emergency cash pot, until MPs agree to boost the budget to make up for the error. The…
-
Pension Companies at Risk From Low Interest Rates
The IMF (International Monetary Fund) recently warned that pension companies and insurers could be at risk if the current low interest rates continue. “The solvency of many life insurance companies and pension funds is threatened by a prolonged period of low interest rates,” it said in its GFSR (Global Financial Stability Report). “Low interest rates…
-
Pension loans illegal? There is a better way!
Update 2016 – the method listed below is not usually available nowadays. To find out what options are available to you, please fill in the form on the top right of this page Transfer your funds to a Self Managed Pension Trust – and YOU decide what to do with YOUR money You will have…
-
Pension Fund Over £30,000? Get up to 89% cash release
Pensions Over £30,000 only This particular option is only available to people who have over £30,000 in a UK pension fund (or a combination of smaller funds). Release up to 89% of your funds. Not “pension loans” or “pension liberation” Pension loans can be a great solution for people with smaller pension funds, but they…
-
Pension Lump Sum Release
What is Pension Lump Sum Release? Basically there is a way of getting money from your pension early, in the form of a single payment, rather than the monthly payments you usually get when you retire. The factors that affect your lump sum include: Rules from HMRC Your own health The amount you have in…
-
Budget 2012 – bad news for pensioners?
It’s only a few hours since George Osborne gave details of his 2012 UK Budget. But reactions from various organisations are coming thick and fast already! The National Federation of Occupational Pensioners (NFOP) is one of the first – saying that they believe the Budget is bad for pensioners on lower incomes, as the…
-
“Can I sell my Pension?” – thinking of selling your pension?
“Can I sell my pension?” The simple answer is “No!” But… there may be other options available to you, other than selling, if you want to raise cash from your pension fund. Before we explain those options further down this page, there is a warning… If you want to sell your pension, it is probably…
-
Early Pension Release, Under 55
Pension Release schemes may offer ways to get cash from your pension before the age of 55. So what are your options for early pension release? Please Note – new products and services are being created all the time in the pension loans and pension release markets. We have tried to make this article as…
-
Can I Cash in my Pension?
Are you wondering “Can I cash in my pension”? The simple answer is, “It depends”. Read on for more information, or fill in the form on the right of this page, to book a phone call to discuss your personal options. Cashing in a pension is an option that a lot of people are considering…
-
Frozen Pension? £20 billion in inactive pension pots
“Frozen Pension” pots and “pension unlocking” are receiving attention recently as both the Government and the pensions industry consider ways to bring together those small pots of pensions savings that many people have from former jobs. Pensions Week reports that there are nearly £20 billion of such inactive pensions in the UK – “Defined contribution…