Tuesday, 24 March 2015

Pension help phone number

The Chancellor has announced that the telephone number for free guidance on the new pension freedoms is operational from today.

The freedoms, which start on the 6th April, enable savers to dip into their pension pots as they wish from 55 rather than having to use the money to buy a pension annuity.

They can ring the number, 030 0330 1001, between 8am and 10pm to book a guidance session.

Phone sessions will happen from tomorrow, with face-to-face help starting on the Tuesday after Easter, once the reforms have been launched.

45 minutes is being allocated for each guidance session over the phone.

10,000 savers have already pre-registered requests to get help with the freedoms.

Here's the Pension Wise page.

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