Cash Pensions

The term Cash Pension or Cashing in Pensions, is mainly used for when someone wishes to obtain a cash lump sum of money from their pension funds early. Cashing in pensions is, for the most part, not advisable. This is due to the simple fact that Pension proceeds exist, regardless of whether they are accrued via an occupational pension scheme or through a personal pension scheme, to provide pension plan members with an income for their retired life. Cashing in pensions prior your pensionable age would usually reduce the eventual retirement income.

Cashing in pensions would normally give the pension plan member the option to release part of their pension proceeds as a cash sum, tax free, and the rest of the funds would provide an income for life; this is taxed as earned income.

Whether you release pension benefits through cashing in pensions that are occupational or personal, you can still usually take a cash sum as well as income. This tax free cash sum is known as the Pension Commencement Lump Sum or PCLS.

The income you receive after cashing in a pension will depend on several factors including whether the money has come from a personal pension scheme or an occupational pension scheme. To an extent, you have much more choice about how the income will be paid from a private pension compared with an occupational scheme. You have the option of cashing in a pension without the need to take immediate income.

Even so, to cash pensions of any type requires careful consideration of your options, which is where firms such as Grove Pension Release can help.

Fill in your details below to receive your no obligation Pension Release Enquiry Form.

(* = required field)
Title *

First Name *

Surname *

Email *

Telephone *

Address 1 *

Address 2

Address 3

Town *

County

Post Code *

Date of birth *
Day Month Year

Tick here if you are NOT a UK resident

A wealth of experience in Pension Release..

Grove's founder started in financial services over 25 years ago in 1982.

As a company, Grove Pension Release has built up a specialist team of people to deal specifically with your enquiry.

The experience of the team individuals ranges from the least experienced juniors who deal with non technical administration duties, to the most experienced member of our team having started in the industry 44 years ago.

This wealth of knowledge and understanding is vital in providing you with the level of service you require.

We will guarantee a friendly and professional service with all enquiries being dealt with in a courteous and efficient manner.

You are treated as an individual and with the respect you deserve.

Testimonials - Click to go to the testimonials page

Why choose Grove?

Fastest Possible Service
Expert Advice
No third party involvement
Top Quality Help
No Salesman will call round