Donate SIGN UP
Home > Business & Finance > money purchase pension equity release

money purchase pension equity release

Avatar Image
godsmark17 | 10:12 Tue 17th Jan 2006 | Business & Finance
2 Answers
can i sell my pension scheme to release its value
prev Cash Payment
  
next Urgent - Property Advice Needed
Gravatar

Answers

1 to 2 of 2rss feed

Best Answer

No best answer has yet been selected by godsmark17. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Avatar Image WendyS
No, I'm sorry but I don't think you can. Money paid into a pension scheme has to stay there until you are old enough to retire. I'm pretty sure the minimum statutory age for this is 50, whether it's a personal pension plan or a company occupational one. This will obviously not help you out of your current difficulty but going forward, if you want to plan for your future but think you might need to withdraw some emergency money, it's best to save via an ISA which will allow you to withdraw money at any time. I'm not a financial advisor, but if you need a capital sum, do you have a property which perhaps you could remortgage?
13:09 Tue 17th Jan 2006
Avatar Image Basle6
You may be able to borrow against the capital value.It all depends how old you are.You can have a free review of your pension options from policycheck.co.uk
21:54 Fri 27th Jan 2006

1 to 2 of 2rss feed

Do you know the answer?

money purchase pension equity release

Answer Question >>

Related Questions

Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.