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  • FIRST POST
    jpmw
    Releasing Cash from Pension Early
    • #1
    • 23rd Mar 11, 5:49 PM
    Releasing Cash from Pension Early 23rd Mar 11 at 5:49 PM
    Hi,

    I'm after a little bit of advice and I know its probably going to be frowned upon but would appreciate any info from any one who knows none the less.

    I have a local government pension with a CETV of around 29,000 - (I'm waiting for exact figure from the provider.)

    I need to get my hands on some cash fairly urgently and have exhausted all other avenues - I have been advised that I could tranfer into a private pension and release around 7% of the value of the pension - unfortunately that is not enough cash.

    I am 40 years old, a full time mature student - so I am not paying into the scheme any longer and I will not be returning to a local governmen position so I'm happy with moving it to an private scheme despite having to retire a little later.

    Does anyone know how I could release slightly more from the pension - Ideally im looking to release around 5,000 to 7,000.

    Any help woiuld be greatfully recieved.

    Thank You

    JPMW
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