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We can help you make the best choice for you
You can take your pension in a number of ways. You can have a guaranteed income for life. You can have a flexible income. You can take it as one or more lump sums. Or you can combine these. It’s up to you and we’ll help you, whatever you choose.
Don’t forget to shop around
- Other providers might offer you other options or a better deal. Don’t forget to shop around.
Here are your options
Flexibly accessing your pension can affect what you put in
If you take money from a pension flexibly, the amount you (and those paying on your behalf, such as an employer) can pay into your defined contribution pensions each tax year without paying tax reduces. This is known as the Money Purchase Annual Allowance (MPAA), which is currently £10,000 per tax year.