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Mark Thompson
Our services...Mortgages (personal and corporate) Pensions (personal and corporate) Protection (personal and corporate)
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Tax free cash - will you miss out?
At present, if you reach your 50th birthday then you can potentially take up to 25% of your personal pension fund as a tax free lump sum. Unfortunately, from the 6th April 2010, the age to be able to do this changes to 55. There is NO transitional period - the change just comes in. If you have always considered taking your tax free cash and you are not 55 on the 6th April 2010 then you will have to wait until you are. This could potentially mean a wait of up to 5 years. Do you want to wait that long to get access to your pension? You don’t even have to take an income from the rest of the pension if you don’t want to, so you can take income when it suits you. What could you do with some tax free cash? Let Thompson Financial Consulting explain and advise you on the right options for you. For further information and advice concerning this valuable new opportunity, please contact Mark now on 01473 828973. Unlocking your pension will almost certainly mean that you will have less income in retirement AND because of the reduced level of income pension unlocking is usually only suitable for a very limited number of people and circumstances. All other options should be investigated fully before you consider unlocking your pension. The value of investments and the income from them can go down as well as up and an investor may not get back the amount invested. Past performance is not a guide to future performance.
Thompson Financial Consulting Ltd is authorised and regulated by the Financial Services Authority
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