All pension schemes have rules about when and how you can draw your pension benefits – this is to keep your money safe for your retirement.
Normally the earliest you can draw your benefits is 55, unless you have a serious health problem.
So be very careful if you get approached by a company offering a pensions liberation scheme - in other words a scheme they claim will let you draw your pension early.
Don't be fooled by their claims that they can help you draw your pension early because of a legal loophole - this is not the case.
If you do sign up for one of these schemes, the company running it will take most of your pension pot in fees and charges, and because you have drawn it before you should, the taxman will make you pay a hefty tax charge too.
As a result, you will lose most - or even all - of your pension pot! So don't get stung by this pension scam!