Ted is planning to help his daughter with her university fees. He’s planning to take his 25% tax-free allowance from his pension pot as a single lump sum. He can then leave the rest of his money invested and withdraw chunks as and when he needs them.
George wants a guaranteed monthly income
Helen wants her annuity to increase with inflation
Dawn can get an enhanced annuity because of poor health
Jim wants to provide for his wife should he die first
June wants flexibility in how and when she accesses her money
Go back to the taking your money home page to look at a different stage.
Have you thought about what your plans mean for your retirement income? Our calculators can help you work it out.
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.