Comments on: Pension age change official – ignore it and you could lose out http://www.williamgeorgeifa.co.uk/2009/09/29/pension-age-change-official-%e2%80%93-ignore-it-and-you-could-lose-out/ Mon, 08 Feb 2010 14:15:33 +0100 http://wordpress.org/?v=2.8.6 hourly 1 By: William http://www.williamgeorgeifa.co.uk/2009/09/29/pension-age-change-official-%e2%80%93-ignore-it-and-you-could-lose-out/comment-page-1/#comment-234 William Mon, 08 Feb 2010 14:15:33 +0000 http://www.williamgeorgeifa.co.uk/?p=294#comment-234 Hello Thanks for your question David, The first thing that jumps out to me, is that the minimum age that you can access any monies from your pension is changing from 50 to 55 in April of this year. That means that you will not be able to access your tax free cash (25% of your fund value) for another 9 years at least. This could obviously prove to be problematic for you. It's difficult for me at this stage to give more detailed advice to you without more information. If you wish to have a wee chat about the options available to you please give me a call on 07803 508187 (Mobile) or if you prefer the free phone office number on 0800 321 3508 Kind Regards William George Hello

Thanks for your question David,

The first thing that jumps out to me, is that the minimum age that you can access any monies from your pension is changing from 50 to 55 in April of this year.

That means that you will not be able to access your tax free cash (25% of your fund value) for another 9 years at least. This could obviously prove to be problematic for you. It’s difficult for me at this stage to give more detailed advice to you without more information. If you wish to have a wee chat about the options available to you please give me a call on 07803 508187 (Mobile) or if you prefer the free phone office number on 0800 321 3508

Kind Regards

William George

]]> By: david http://www.williamgeorgeifa.co.uk/2009/09/29/pension-age-change-official-%e2%80%93-ignore-it-and-you-could-lose-out/comment-page-1/#comment-233 david Sun, 07 Feb 2010 18:15:28 +0000 http://www.williamgeorgeifa.co.uk/?p=294#comment-233 hi my mortgage ends when am 50 in about 4 years, I will need my pension money to pay it off as this was the whole reason it was taken out in the first place. what is the best thing to do now... my mortgage is at barclays as is my pension both sold to me at the same time for the main purpose of paying off my mortgage.. thanks hi my mortgage ends when am 50 in about 4 years, I will need my pension money to pay it off as this was the whole reason it was taken out in the first place. what is the best thing to do now… my mortgage is at barclays as is my pension both sold to me at the same time for the main purpose of paying off my mortgage.. thanks

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