If you are a UK resident aged between 50 and 55 considering releasing cash from your pension you would be well advised to initiate proceedings sooner rather than later.

New guidelines introduced recently have stipulated that the age at which you can apply for a Pension Release will increase to 55 in the year 2010.

 In effect this means that is you are aged 50 now you are able to apply to unlock your pension, whereas after April 2010 if you remain under 55 this option will no longer be available to you.