Pension Release

Release up to 25% of your pension fund Tax Free

You don't need to be retired to do this, you just need to be over the age of 55 and have a company or personal pension that you aren't drawing from yet. Pension release is specifically designed to allow you to access money you have saved for your pension before you retire, or before the full term of your pension is up, and for many people it makes a lot of sense.

For many people the decision to release their pension early is in order to clear debt before they retire - for example a mortgage, loan or outstanding credit cards. This can be seen as wise financial planning as there is little point in paying more interest on your debt than you are gaining through your savings.

You now have more options than ever before

Changes to pension rules mean you can now take more than 25% of your pension as a lump sum, though, there are important tax implications. You could lose a lot of money to the government depending on your tax situation as this is seen as income by HMRC. Whether you are considering taking 25% entirely tax free, or looking to take more than this, we can advise you on what is best for your situation.

What can you do with the money you release?

That's entirely up to you. It's your money so you can use it as you wish and, as it isn't a loan, there are no repayments to worry about. This is money that you have been saving for your retirement, though, so there should be a good reason for you accessing it early.

Pension Release

What will you get from Portal Financial?

In the first instance, free advice from the Pension Release experts.

Once we have obtained your pension details and discussed your situation in more detail we will explain your options and our recommendations for your particular circumstance. We will show you how much money you can release and how best to use the remaining money for an income, as well as advising on you on how to grow your pension fund again should you wish to.

Portal Financial are authorised and regulated by the Financial Conduct Authority to advise on all aspects of pensions, including Pension Release for over 55's.

What types of Pension can be released?

  • Private Pensions
  • Company Pensions
  • Final Salary Pensions
  • Old Company or Personal Pensions

Please note: The state pension cannot be released.

Not sure whether your pension is suitable? Call us and we can check.

Benefits of Pension Release through Portal Financial

  • Free, No Obligation Pension Health Check
  • Impartial advice right through to final execution
  • Release up to 25% of your pension - TAX FREE
  • No monthly repayments - this isn't a loan, it is your money already
  • Flexibility - choose how you receive your money, and how you spend it
  • Friendly efficient service - we make the process easy for you

Releasing your pension benefits early could reduce your income at retirement and therefore is only suitable for a limited number of people and circumstances.

What to do next:

To ask us a question or to find out how your current pension is performing and what you can do about it then please either call us or complete our simple enquiry form and one of our advisers will call you back.

Useful Downloads

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Pension Release Explained

Fast-Track LOA Form

Considering taking your entire pension as cash?


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Please either call us or complete the form below and one of our advisors will call you back.

Considerations when emptying your pension pot
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What our customers say

“I am very impressed with Portal Financial. They were efficient and informative and I would be more than happy to recommend them to anyone.”

R. Eden


“The pension release product with Portal Financial allowed me to make a real difference to my life when it was needed.”

D. Sanders


“I am really impressed with the way you have dealt with things for me.”

A. Willis


“The service I received was first class and there was no stress involved, because I was always made aware every step of the way. It was a pleasure to deal with Portal Financial and a real weight off my mind to get it all sorted quickly and efficiently”

A. Adler


“The staff were absolutely brilliant. If they said they’d ring you back, they always rang back on time and there was never any bother at all.”

K. Rodgerson


“I chose the Portal Financial product as the staff were very helpful and informative.  At no time did I feel under any pressure to proceed.  It was a very stress-free process.”

A. Short


“I was absolutely delighted to discover Portal Financial.  Their service was excellent and I was really pleased to find a business that could help me so quickly and efficiently. I now feel my finances are much better balanced thanks to their good advice, and I would not hesitate to recommend them to a friend or member of my family.”

W. Hewitt