Is It Right For Me?

In accordance with the Financial Services and Markets Act 2000, sellpension.co.uk do not provide any financial advice. We are simply a lead generation website that puts you in touch with a  pension review expert.

IMPORTANT INFORMATION PLEASE READ BELOW: 

Selling your pension, choosing pension release, cashing in, or unlocking your pension will almost certainly mean you’ll have less income in retirement. Because of the reduced level of future income, pension unlocking is usually only suitable for a very limited number of people and circumstances.

Therefore it is imperative that all other options are investigated fully, before you consider unlocking your pension.

Many people seek to unlock their pensions because of financial pressures, but other avenues that can be explored include:

1. Talking to your creditors
2. Consolidation loans/cheaper credit
3. Debt counselling
4. Individual Voluntary Arrangement (IVA)
5. Bankruptcy
6. Raising other funds

Sellpension.co.uk offers a free service whereby we will introduce you to a pension review expert. The adviser will speak to you about your pension, but it is your responsibility to consider the implications if this is something you would like to do.

Think very carefully! For further information, read our code of practice page.

Pension Release: The Dangers

1. There may be penalties for releasing your pension early
2. You could incur losses for taking it early (e.g. market value reductions)
3. You could lose guaranteed benefits
4. You may lose a future guaranteed income
5. Any income could be taxed
6. There could be loss of benefits for your partner and/or children
7. You may lose benefits in the event of ill health
8. Taking money out of your pension could mean that you cannot claim some state benefits, either now or in the future
9. There are costs incurred with unlocking a pension (however, please note Sell Pension will not charge you anything whatsoever, we simply put you in touch with pension review experts)
10. Pensions are usually safe from creditors in the event of bankruptcy – cash in the bank is not

Thank you for reading. We hope this information has been helpful. For details please contact us using the form on the right.