Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

The MoneySaving Forum: join to chat & swap tips with other MoneySavers. Learn how in the Forum Introduction Guide

Pension liberation

Beware pension liberation scams

Get Our Free Weekly Email!

For all the latest deals, guides and loopholes - join the 10m who get it. Don't miss out

Amy | Edited by Dan

Updated October 2016

unlock your pension

New pension rules mean you've greater access to your pension. But you still need to be wary of pension liberation scams, which claim you can get access to your pension early.

Pension liberation scammers claim they can get your money from pensions before you're 55, but the huge fees and taxes you'll pay can leave you with nowt for retirement and now scammers are targetting the over 55s as well.

This is the first incarnation of this guide. Please tell us your experiences in the Release Pension Cash discussion.

Can I get money out of my pension early?

Changes to pensions that came into effect in April 2015 mean that from age 55 onwards you can get access to as much of your pension money as you like, when you want it.

Pension liberation

Scams claim you can take money from your pension before you reach 55. But you can't, and you'll get penalised for it.