Timothy Sumer

Early pension release means withdrawing money from your pension before the minimum age of 55, or 57 by 2028. Unless you have exceptional circumstances, such as ill health, you’ll be charged a substantial amount of tax on your withdrawal, and could risk losing all of your savings to scammers. Personal finance journalist and money blogger Faith Archer explains the rules around early pension release, and what to watch out for so you don't get scammed. Visit our Pensions Explained Centre for more information on early pension release and taking your pension: Sign up today: (capital at risk) * Please like, share and subscribe if you like what we're doing! Share your thoughts in the comments box below. PensionBee makes it easy to stay on top of your pension and take back control of your personal finances. Check out our plans and learn more about what we do at: (capital at risk) Read our blog for money saving tips, pensions info, and more: ... ( read more ) ...

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Pensions explained for folks in the UK. We've all been told that pensions are important, but why? Most of us have never had pensions explained to us, yet it's vital to know how pensions work in the UK because for most of us they are the most tax-efficient way of building retirement savings. After watching this video, you'll understand pension basics enough to get started with these crucial accounts. 👉 MeaningfulAcademy - Retirement Planning: 🏷️ Use PROMO Code "YOUTUBE" to save on any of the three courses. Chapters: 00:00 Intro 01:07 1 - Types of Pension 03:47 2 - Free Money with Pensions 05:49 3 - How Pensions Are Taxed 06:44 4 - How Pensions Grow 08:24 5 - How you get your money OUT 11:20 Summary #meaningfulmoney #meaningfulacademy #retirementplanning 🔴 - Click here to watch Pension vs ISA 🔴 - Click here to watch The biggest retirement challenge is not financial &#x1f...