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Understand more

Here are some of the key things you need to know to help you shape the future you want.

What are the pension basics I need to know?

What are the pension basics I need to know?

There’s a lot to understand when it comes to pensions. Before making any big decisions, it's important to understand:

  • how pensions and tax work
  • the allowances that apply to pensions
  • what happens to your pension when you die

 

Understanding the basics

When should I take money from my pension?

When should I take money from my pension?

You can normally start to take money from your pension when you reach age 55, although from 6th April 2028, you will need to be 57. You don't need to take your money as soon as you reach your minimum pension age, but you can take some if you’d like. If you think you'll need more than you're currently on track to get, there are things you can do such as:

  • pay more into your pension
  • combine existing pensions
  • change where your pension is invested
  • think about other sources of income.

 

When to take your money

Is the date you want to start your retirement correct?

Check your details are correct and update them in the app.​

 

Download your financial future

Bring your financial world together in one app.​

  • Log in with the same email and password​
  • See your pensions and investments in one place, on the go​
  • Find lost pensions and track them in the app.​

Learn more about our app


What next?

We hope this information has helped. We think you can never know enough when it comes to your pension.

Are you ready?

If you're ready to think about your pension options, take the next step.

Your pension options

Extra help

Extra help

Do you have a question?

Need a quick answer to a simple question?

Chat to us, just click the chatbot tab on the right.

 

Talk to someone

This is great for more detailed questions and pensions guidance.

Find the number that's right for you on our contact us page.