Your pension fund is probably one of your biggest financial assets and in the past there has been little flexibility in the way you can take benefits from it.  Recent legislation and innovation in the pensions marketplace means that you can access this asset in a flexible and controlled manner to suit your needs.

Taking benefits early will reduce the amount you will receive in retirement. Pension release is likely to be suitable only for a limited range of consumers and circumstances.

Unless your current pension plan is able to release your benefits directly to you, it maybe necessary to transfer the pension fund to a new plan in order to release these benefits early. This could take time and could incur penalty charges.
Therefore specialist pension advice is very important, as it could increase the tax-free lump sum obtained or propose a suitable solution to provide you greater flexibility.