Is Pension Release Before Retirement Illegal? Not always

0
21

Summary – To begin with, it is important to understand how a pension plan works. The rules of pension release may vary from one type of pension to another. Releasing pension before the age of retirement doesn’t always amount to illegality, albeit the facility is extended only to a few people under special circumstances.

Investing in a pension plan, be it personal pension or company pension, is an age old concept that provides financial security to an individual post his retirement. An employee contributes a certain percentage of his income towards a pension plan that keeps accruing until retirement after which the money can be used by him. As per the Financial Services Authority (FSA) like life insurance leads, an individual can withdraw money from his pension account on reaching 65 years of age. However, there have been instances when an individual might be in dire need of a large mount of cash to settle an outstanding debt or to make a big purchase. In such cases, the pension plan is what he would turn to for support. Although early release is possible, it not a wise option as it will leave you with minimal funds at the actual time of retirement. To be able to release money from a pension fund one should satisfy the criteria given below

 

1.Individual should be above 55 years of age
2.Individual should possess a personal or company pension to be able to do a premature withdrawal. State pensions do not encourage early pension release
3.There are no prior withdrawals from the account

If you are a financial organization that is genuinely willing to help people make an early pension release, then you need to work with good quality pension release leads. Qualified pension release leads can be obtained from a seasoned lead generation company that sells only verified pension release data that hold authentic information volunteered by the individual seeking help. Since pension release is restricted to only a few people under dire circumstances, your pension release leads have to be more focussed and genuine. Only then will you be able to reach the right contact that is genuinely looking for support.

PPI Leads are gathered through various techniques and many a times it would simply take you to a dead-end. So, it is important to work closely with your pension release data provider to ensure that every lead is a potential customer. Ask your provider to use bespoke criteria and customize the lead filtering process to suit your business needs. If all pension release leads are gathered justly and adequately verified for correctness, accuracy and legal compliance, you can be sure that your calls would take you to the next level of winning a customer rather than put you in unnecessary legal complications.

SHARE
Previous articleIncrease your know how on instant loans
Next articleHaving Life Insurance is a Must

Christopher Meloni possesses experience in terms of the current world market in the oil industry. He is actively involved in various market researches related to the oil industry and its growth potential.

Comments Closed