Pension Liberation

Pension Liberation definition

/ˈpɛnʃ(ə)n/ /lɪbəˈreɪʃ(ə)n/

What does Pension Liberation mean?

Instance where funds are taken out of a pension scheme by the member (usually on the promise of financial incentive by an ‘adviser’ or ‘introducer’), but ultimately used in a way which is not authorised by HMRC (thereby giving rise to tax penalties). Tax evasion and/or fraud may be involved.

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