As the name suggests, it is possible to release some of the money from your pension at certain points in your life. For example if you have had to stop working sooner than expected, or you are wanting to go on a holiday, then pension release may be for you, as it is an easy way to access your cash.

There are certain rules around the age at which you can release the cash, and most providers will be require you to be over 55 to do this. It is important that you seek financial advice prior to releasing cash from your pension, as this will reduce the value of your pension pot.