A personal pension may also be referred to as a private pension.

A personal pension is a means by which many people may choose to improve upon their retirement lifestyle by setting up their own personal fund with a pension company

In many cases an individual may have considerable funds locked away in such a pension scheme. Pension Release is the term most commonly used to describe unlocking these funds, or a portion of them, in order to enjoy some of the benefits prior to the time at which the pension comes to fruition.

You can view the Government’s Information Service at The Pension Service - A to Z - Personal pensions