money purchase pension equity release

[godsmark17]

can i sell my pension scheme to release its value

[WendyS]

No, I'm sorry but I don't think you can. Money paid into a pension scheme has to stay there until you are old enough to retire. I'm pretty sure the minimum statutory age for this is 50, whether it's a personal pension plan or a company occupational one. This will obviously not help you out of your current difficulty but going forward, if you want to plan for your future but think you might need to withdraw some emergency money, it's best to save via an ISA which will allow you to withdraw money at any time. I'm not a financial advisor, but if you need a capital sum, do you have a property which perhaps you could remortgage?

[Basle6]

You may be able to borrow against the capital value.It all depends how old you are.You can have a free review of your pension options from policycheck.co.uk