Once you have reached 55 you become eligible to draw your pension. This could be a personal pension you started or one arranged by a past employer. You can access just the tax free cash sum (25% of the fund value) without drawing an income. This process is known as pension release or pension unlocking.  Unlock my pension are experienced in sourcing advice in this specialist sector of financial advice.  You will be contacted to explain the process, any charges and likely timescales. You will be asked to complete a comprehensive questionnaire that will be used to produce a report on your options. A copy of this questionnaire as well as a complimentary executive pen will be sent to you in your welcome pack. An adviser will help answer those points that are perhaps technical or difficult to understand. Only when you fully understand the implication of releasing funds from your pension will you move to the next stage. On completing the release of your lump sum cash amount , which is paid into your bank account we will send your selected gift  – a choice of his or her watches or an M&S voucher.

For those over 55, unlocking your pension is a way of releasing up to 25% of the value of your fund as a tax free cash sum. As a last resort this can be a good way of using your fund to perhaps repay debt or pay for other vital items. The process allows you the opportunity of a lump sum (tax free) while delaying drawing your pension income or taking one-off income payments. Once a questionnaire (a ‘Fact Find’) is completed you will be sent your welcome pack. This contains instructions on how to proceed, an explanation of charges, a choice of gifts on completion as well as a quality pen with our compliments. Unlock My Pension will source expert advice on the best way to proceed and ensure that you are given regular updates on progress. A report pack will be sent to you advising whether or not to proceed with releasing cash from your pension.  It can take a while to collate all the information needed to produce a recommendation. Good advice is worth waiting for and that is the commitment we make – to find you the right advice for your circumstances from an industry expert.

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Goldsmiths is the largest quality jeweller in the UK with stores in every major town and city from Aberdeen to Torquay. Each of their Stores offers the high street’s finest selection of premier and designer watch brands and gold and diamond jewellery.

It is a business with over 200 years of tradition and experience. In 1778 they opened their first store in Newcastle and it is still trading successfully to this day on the very same site. Since then there have been many notable achievements, from making the Rugby League Trophy and more famously our Bradford store, formerly known as Fattorini’s submitted a design to the Football Association for a Silver Cup which was approved and produced in 1911 and is known as the FA Cup.

Back in 1919, Goldsmiths was also proud to be named as the UK’s first appointed stockist of Rolex watches. Today, we have the largest distribution network for Rolex, Tag Heuer, Cartier, Omega, Gucci and many other reputable watch brands.

At Goldsmiths, they offer extensive selection of repair and support services including watch repairs, jewellery restoration and bespoke jewellery commissions to ensure your precious jewellery and watch collection continues to sparkle as they did when you first wore them.

Click here for the best offers at Goldsmiths and save up to 50% today in the summer sale

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