Pension Release News from Grove

This month, we are going to be running a series of commonly asked questions from our visitors about the pension release process. These are the sort of questions that we feel need to be expanded on rather than addressed in our Questions & Answers page. This week: maximising your income. How can I get the […]

This month, we are going to be running a series of commonly asked questions from our visitors about the pension release process. These are the sort of questions that we feel need to be expanded on rather than addressed in our Questions & Answers page. This week – the scary subject of mortality… Question: I […]

This month, we are going to be running a series of commonly asked questions from our visitors about the pension release process. These are the sort of questions that we feel need to be expanded on rather than addressed in our Questions & Answers page. To kick off, let’s start with a question about..well, questions. Question: Why […]

There are some significant differences between Pension Triviality and Early Pension Release that need to be taken into account when deciding which one applies to you. In simple terms the main differences are as follows: The Pension Triviality rules allow for 100% of the pension fund to be released as a cash lump sum payment. […]

As we’ve mentioned before, The Financial Conduct Authority, HM Revenue & Customs and The Pensions Regulator have all teamed up to issue warnings about Early Pension Release. They are specifically warning about releasing pensions for people UNDER THE AGE OF 55 and pointing out that in The FCA’s own words “There is a high chance […]

Grove Pension Solutions Ltd has just launched a new campaign advertising our Early Pension Release service on Smooth radio. We would like to say “welcome” to anyone who has found us as a result of listening to that advert. We are a specialist firm dealing specifically with helping people aged 55 and over access their […]

Background The government recognises that individuals with very small pensions should be allowed to cash-in the whole fund as a lump sum. This is commonly known as “commutation on the grounds of Triviality”. Normally pension rules dictate you can only take 25% of your pension fund as a cash lump sum and the balance must […]

There are two main qualifications that you need to fulfill in order to cash your pension in early: You must be aged 55 or over You must have a pension that you are not receiving or paying into (this does not include the state pension) Most pensions can be cashed in early, whether they are […]

Most people who are looking for information about pension release are usually interested in releasing their pension earlier than normal retirement age. The earliest age you can do this is 55. There are some companies offering schemes that report to allow you access before age 55, however; it is important to note that The Pensions […]

It’s not just us that think this is a bad idea, The Pensions Regulator, the FCA and HM Revenue and Customs have all issued warnings about these types of schemes. Not only are they offering individuals under the age of 55 the ability to access their pensions early, but they typically offer 50% of the […]