Pension Release
An Alternative for you?
Braemar Equity Release is part of Braemar Financial Planning, who specialise in financial solutions for the over 55's.
If you do not want to consider your options with Equity Release at present, but have a need to raise money, maybe Pension Release could be an answer for you.
With Pension Release you can take the benefits early from a pension that you are not currently receiving. You could release up to 25% of the pension fund as a tax free cash lump sum, using the balance to either take a monthly income, or invest the balance to try to improve the monthly income you would receive when you retire.
It is worth pointing out that the whole purpose of making contributions to pension schemes is to provide an income during retirement. It is therefore important to be aware that releasing your pension benefits early could reduce your income and your standard of living at retirement. This is why pension release is only suitable for a limited number of people and circumstances and shouldn't be seen as an easy way to raise cash.