How many times have you received an email or other offer for an early pension? Most people can’t wait for their pension date and may think about accepting the first offer from a supposed pension company. However, if you’re not careful, you can find yourself saying “I’ve been scammed out of money.” In the UK, early pension scams are on the rise and more innocent people are falling victim to these schemes.
If you are looking for information on early pension scams and how to protect yourself from them, keep reading.
It’s not easy to take out an early pension
Taking out your pension before the set date is a hard process. You should keep this in mind when dealing with pension companies that are offering early removal. There are many rules to follow, and it takes time to qualify.
Some scammers will try to tell you you can borrow money from your own pension fund. Don’t fall for it! If you listen to them, your entire retirement fund could be gone before you know it.
How does the scam work?
Usually, with this scam, there’s a person calling you with an option for a pension review. They sell it really well and make you believe it will increase the money available for the day you will retire. Following that, they tell you you can get your pension money beforehand. They ask for a percentage for the review, up to 30% of the pension. When you agree to all they are saying, they transfer your pension to their account, which you can’t track down. Getting your money back from an early pension scam is nearly impossible.
The new UK rules
The UK has a new rule allowing for early pension. The existence of that rule makes it much easier for the scammers to continue with their fraud, unfortunately. Because of this, you must know all the rules and regulations about pension funds. Knowledge can protect you from scammers after the money that is intended to be there for you in your golden years.
It’s too late: I’ve been scammed out of money in the UK
If you are the victim of an early pension scam and have lost all the money that was set aside for your old age, you may feel hopeless. The money seems like it’s gone forever. But do not give up hope! It may be possible to get back your retirement funds. Claim Justice has a team of professionals who work with cases exactly like this. We can assist you in the full process of getting the money back.
Can Claim Justice help everyone?
There are a few requirements to get scam help from Claim Justice. If you have used a credit or debit card or made a direct bank deposit, you meet one requirement. The second requirement is proof of you contacting the “company” to get your money back on your own. You also must provide us with documentation of all contact between you and the fraudsters. If you meet both these requirements, you are qualified and Claim Justice can begin the process of getting your money back.
What is the chance I will get my person back?
To get your money back from an early pension scam is hard, but possible. We recommend that first you call the police and tell them “I’ve been scammed out of money in the UK. Next, contact Claim Justice. We will fight for your justice.