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The type of accumulating a lump of money is unlocking your pension before time known as “Cash my pension”. So-called "pension unlocking allows someone over the age of 50 to release their pension benefits from an occupational or personal pension before they have reached their retirement age. If the person is working in railways then it is the railway authority that takes care of the pension for its employee. The govt. employees and the employees of the companies which is govt. under taking give a certain amount of money to govt. fund.

Earlier it was not possible to cash in pension. But the now in some people can cash in their pension if only they are above 55 years old or more than it. If I wish I can cash in my pension earlier. They can cash in 25% of pension amount. This amount of money is completely tax free. If you are releasing money from your pension in this way therefore you are not forced to buy any annuity. Even that person is not forced to take an income of retirement from his pension. So you can work and can pay into your pension fund or pension plan.

There are several benefits involved in the purchasing of Pension annuity. First and the foremost benefit is that it offers guaranteed income after retirement of the investor on low risk basis. For them there are many plans where they can invest their money to get a regular income as their pension after retirement. They can invest their money in the mutual fund, ULIPS, money back policies etc. Here they can get a good amount of money as their pension. In this way I used to CASH in my pension. Even they can get money after a certain period. This is a great advantage.

Can I cash my pension early? This kind of an investment provides a huge amount of money to the investor. So it is more profitable than the regular pension rule. In regular pension rule employee pay a certain amount of money to his pension fund to get pension. But here he does not get any kind of interest while paying this amount to the pension fund. Whatever he is paying is most of the time is not profitable. Because employees under the pension rule get their pension release amount which is decided by their basic amount.

CASH IN PENSION depends on how much a person investing for his pension, salary amount of that very person and other factors. So it is profitable if you are investing your money to any investment plans. Because here you can decide what will be your pension amount like if you are giving a large amount of money as your premium then you will get a large amount of money as your pension and if you are giving small amount then you will get small amount. There are many policies in insurance which provide money to the insurance holder at a regular interval.