Sell my pension: what does it mean for you?
You may have seen in various advertisements, radio adverts or online adverts about the concept of; selling your pension' or sometimes referred to as; 'sell my pension'. What you should know is that this is a standard marketing term. It basically means the same as such terms that include; 'cash in pension' or 'pension release' it all amalgamates to the same idea, which is releasing or selling your pension to aid a cash payment from your pension pot. Usually the amount is 25% tax free from your pension. Selling your pension is quite a task and one that is daunting if you are not sure of the consequences or even if it is the correct thing to do. You should read various government related information, websites or articles that talks about selling your pension to fully understand your options