What Is Cash For Pensions?
Cash for pensions or cash in pension is referred to when you want to get or unlock cash from your pension. Whenever you hear the term; ‘Cash For Pensions‘ it can often be the wrong term to use and can be mistaken for the term; ‘Cash In Pension’ this means that you are looking to cash in your pension and actually obtain the money from your pension. You can not get actual cash for your pensions, but you can cash in your pension and this is where this term comes from and what is actually meant with this term of phase.
Cash for pension contributions or pension cash contributions ( which is also known ) is targeted towards low tax payers or targeted towards people in the UK that earn an average salary or below the average salary. If you are classed as a low tax payer this means your pension and and the cash for pensions will not be tax efficient rather than considering to save your money in the bank!
More content about cash for pensions to follow shortly.
What is cash for pensions?