Pension release or cash from my pension
If you are over 55 and have a pension fund of over £20,000. If you need cash to pay off debts, to start a new business venture or make some home improvements. You can take up to 25% of the fund as a tax free cash sum (known as a Pension Commencement Lump Sum) and if you are not retiring you can leave the remaining 75% invested to carry on growing until you retire and you can even start saving into the fund to build up a new lumps sum that you can take in the future. when you get to retirement you can then either buy an annuity or leave the fund invested and draw income from the fund