Nigel has reached his State Pension age but is still working as a pub landlord. Having looked at the income his pension would provide, he doesn't feel that retiring now would give him enough to maintain his current lifestyle. He hopes that in a few years’ time his pension savings might generate a more comfortable income. Nigel does not have any valuable guarantees on his pension pot so if he wants to defer taking his money, it is fine for him to do so.
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
Jill wants to take all of her pension in cash, now
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.