My pension is due…Help!

When you reach 55 you will have full control over your pension fund. This could include choosing a life long structured pension, taking a lump sum and a pension, deferring your pension to when your state pension begins or having the total amount paid to you as a lump sum.

With over 20 years of experience in financial planning Options is well placed to help you get the best solution for your retirement needs and reduce your tax liability.

If someone contacts you unexpectedly and says they can help you access your pot before the age of 55 it’s likely to be a pension scam. You could lose your money and face a tax charge of up to 55% of the amount taken out or transferred plus further charges from your provider.