Government Guidance

Government guidance

The Government has changed what you can do with your pension savings. This means that you are now able to choose the option that’s right for you.

Pension Wise is a new Government service that offers people approaching retirement free, impartial guidance about their choices. You can receive Pension Wise guidance online, over the phone or face to face.

Pension Wise provides tailored guidance to explain what options you have and help you think about how to make best use of your pension savings. It offers information about the tax implications of different options and other important things you should think about, as well as tips on how to get the best deal, including how to shop around.

Choosing what to do with your pension savings is an important financial decision and it is often possible to get more for your money by shopping around.


Visit Pension Wise

You can also call Pension Wise on 0800 280 8880. Or, alternatively, visit your local Citizens Advice Bureau.

Return to: Calculators

Need to take another look at your figures before you consider what to do next?

Retirement calculators

Taking your money

If you’ve made a decision on your pension savings, use our checklists to make sure you’ve got all the important bits covered.

Ready to choose

Combine your pensions

Got more than one pension? Then you could think about putting them all in one place. Combining your pensions with Scottish Widows is simple and we won't charge you for this service.

Pension transfers