Quick Questions Answered
Can I Cash In My Final Salary Pension?
Final Salary Pensions (also called Defined Benefit Pensions) vary from company to company, and sometimes even person to person. So while you can transfer your pension if you’re aged 55+, whether a transfer for a cash lump sum is right for you all depends on how your scheme is set up, and the benefits offered to you.
You can use our service to speak with a final salary pension transfer specialist free of charge to see whether a transfer is possible, the value of your lump sum, and if it’ll be right for you.
If the transfer value is over £30,000 then formal advice is required by law.
Is A Pension Transfer Right For Me?
A Final Salary Pension Transfer can be a game changer. With transfer values at an all time high, you can potentially retire early and achieve goals and dreams now, while time is on your side. Be Aware For some, this instant gratification could lead to a lack of income in their later years. That's why it's essential that you get sound advice from a quality pension transfer specialist.
Things To Ask Your Pension Specialist
It’s essential you understand whether a transfer is right for you. Always ask:
-Do they complete a lifetime cash flow analysis?
-Do they undertake a detailed review of expenditure now and post-retirement?
-Do they examine your finances and circumstance in their entirety?