Is a Pensions Release the right option for you ?

By Roger Gordon

It may come as a surprise to you that in the present UK financial climate that a great number of people in the 50+ bracket who find themselves in financial difficulties may be able to use their pension funds now to ease the strain, rather than waiting till later life to utilise their pension benefits.

It is possible to withdraw a portion of your pension fund early in the form of Tax Free Cash. This process is known as pension release which means that a percentage of the fund (often 25% ) is taken now with the remainder withdrawn at a later date. The later date is when you retire or choose to draw an income from your pension. The rules will change in 2010 when 55 becomes the minimum age to take Pension Release.

The rules on taking and accruing pension benefits are more flexible than they used to be. For example it is now possible to withdraw your benefits from an exiting fund as early as age 50. If you do this you can carry on working and start up a new pension fund to pay you further Tax Free Cash and income at a later date.

This new fund can be funded by lump sums or regular contributions, both of which qualify for tax relief. You will need to take qualified Independent Advice before making any firm commitment.

Pension Release may seem like the ideal solution to your financial problems. You need to be fully aware that this will reduce a portion of your personal income in later life. Consequently you need to be consider any hidden costs and the potential loses and gains involved before you take such an important financial decision.

You should seek Specialist Pensions Advice and certain Independent Pension Advisers will not charge you to investigate your pension plans and inform you of your options, so shop around.

In many cases your existing pension provider will have the facility for a Pension Release. If this is not possible it will be necessary to transfer your benefits to another arrangement. This is likely to involve some costs and you need to be fully aware of these before confirming. You should push to get the Tax Free cash element deducted before any costs and charges are applied.

About the Author:

Thanks for reading my article, for pension drawdown, and other pension related advice go to website http://www.pensionlite.co.uk

Simple Credit Repair Anyone Can Do - Even You!

By Mark Alison

Whatever your background or record, you can take some simple and quick steps to begin your own credit repair. It costs nothing and you can begin right away - but the results can be tremendous!

The first step is to get copies of your credit report, read them, and understand them. There are three credit reporting agencies, and there can be differences in your file between them.

By law, consumers are entitled to one free credit report from each of the these agencies, TransUnion, Experian, and Equifax. You can get one from each agency, each year.

The Federal Trade Commission, or FTC, has set up a website where you can order them: annualcreditreport.com. Be careful of any other website that claims to offer you free reports - this is the "official" site, and any others have strings attached.

You can begin your credit repair efforts once you have your reports in hand. You will want to go through them carefully, line by line.

Along with the report, you will get a "dispute" form - or an address where you can get it. This is where your initial credit repair efforts will focus.

Make a note of each and every entry that is either incorrect, outdated, or inaccurate. For each of these, you will be filing a dispute. You will want to list why the entry should be removed, such as a debt that has already been paid but hasn't yet been removed.

By law, the credit reporting agencies have 30 days to verify the information being disputed. If they cannot verify it, or don't do so within the allotted 30 days, those entries must be removed from your credit report.

With just this simple step, some of these negative entries will be removed from your credit report. They will no longer contribute to a low credit score, and your score will immediately go up - sometimes by hundreds of points!

About the Author:

Click Here For More Simple Steps To Credit Repair!

How To Profit From Stock Options

By Walter Fox

Investing in the stock market is very tricky, especially if you are new to investing. If you have access to an experienced trader, the learning curve can be much easier. Options trading is more difficult to learn than standard trading.

Option trading is much more advanced in the whole scheme of the investing industry. However this article will try to give you the basic on the process so that you can make a decision for yourself whether or not you want to pursue this tactic.

First of all, stock option trading has two subcategories that enable it to work the way it does. Similar to just buying and selling stock, option tracing has a little more details. Options trading systems consist of call options and put options.

If you buy a call option, this would give you the right to purchase one hundred stocks at a specific price. You can monitor the stock price until the option expires and determine if you want to exercise the option or not.

Once you have bought your stock options, then you will hopefully see stocks rise thus giving you a profit. The call option is valid until a deadline. So you can either use it until the deadline or exercise your right to use the option, which usually consists of buying or selling at a strike price which is another story.

The second category of stock options trading is called put options. Buying a put option gives you the ability to sell one hundred stocks at a predetermined strike price. This may be difficult to understand at first as it somewhat contradictory to traditional stock trading.

Usually, people will buy put options when they think the price of the stock will go down. This allows them to sell at a predetermined price even if the stock value goes below that price. Put options are a good way to mitigate the risk of your stocks going down in value.

To conclude, there is money to be made in options trading if you know what youare doing and have the ability to consult with somebody knowledgeable. Learning the ins and outs of options trading well can position you to profit nicely.

About the Author:

TheScienceOfTrading.com provides 90 free minutes of videos on option trading systems and provides a complete and detailed learning to day trade for beginners to experts.