How to Raise Money Fast
If you feel that you have exhausted all of the usual ways for raising money then there is a provision within U.K
. pension law that could allow you to release some of the money that you have invested into your pension over your working lifetime. If you are aged between 55 and 62 years old and hold a U.K. private or company pension which you are not already taking benefits from, even if you are not currently paying into it, you may be eligible to access up to 25% of your pension as a tax free lump sum. This can be done without having to retire and without having to take your retirement income through the purchase of an annuity. You can carry on working and continue to make further contributions to your pension which will continue to benefit from a tax efficient environment.
Before embarking on pension release you will need to seek the advice of an Independent Financial Adviser. Most Independent Financial Advisers will offer a free, no obligation review of your pension, or pensions, looking in detail at exit penalties and charges and at your own personal circumstances and situation. With this information they will be able to analyse the various options available to you. They will explain to you how taking benefits now will affect your retirement plans or your current tax situation and if you are currently receiving any state benefits they will let you know how taking your pension now could impact on them.
S.O.E. Consultants Limited are a small firm of Independent Financial Advisers authorised and regulated by the Financial Services Authority, the UK's financial watchdog set up by the government to regulate financial services and protect your rights. Authorisation (Ref: 476574). We offer the highest service standards and once you have filled out the pension release enquiry form and we have all the required information we will complete each stage of our processing by return. We will liase and chase all third parties to ensure the quickest turnaround times. Potentially you could be in receipt of your Tax Free Cash within 20 working days.
As a firm we take seriously the requirements of the Financial Services Authority, in particular the requirement to treat our customers fairly. We strive to do this in all that we do. We undertake that all of our actions will be guided by the principle that the interests of our customers are paramount. Our systems and procedures are designed to place our customers at the heart of the business.
Because pension release will ultimately reduce the income that you will receive in retirement your financial adviser will make sure that you have looked at all the other possible alternatives for raising money and make sure that you are fully aware of the implications of embarking on pension release. The FSA see this as a high risk activity which should only be undertaken when all other avenues have been explored and it is therefore extremely important to remember that pension release is only suitable for a very limited number of people and circumstances.
How to Raise Money Fast
By: S.O.E. Pensions
Winner to Losers Review - Winners Every Time Saab Performance Review Treasure Trooper Review Traffic Annihilator Review Smart Ways to Make Money in Russ Whitney Don't Let Your Hair Die - A Short Review The Greatest Words Ever Spoken: a Review Financial Consultant by Grant Davis Denver Colorado Independent Financial Advisors by Grant Davis Denver Colorado Making Money With the Apple iPad Month End Money - Freedom From Every Month Problems Review Of Itp C7 Income Protection Avert Any Financial Calamity