Retirement options

There’s no two ways about it - choosing how to take your money from your pension is a big decision. But you don’t need to rush into anything.

What are you looking to do?

Before you make a decision, have a look at the key things you need to know about pensions and get to know your options.

Do you need to understand more?

Pensions can be confusing, so there’s a lot of help for you here. We explain the basics of taking your pension, help you understand what your retirement could look like and what you can do to enhance your retirement.

Understand your retirement

Are you ready to explore your options?

If you’re ready to make a decision now, or want to have a closer look at the options you have to take your pension. See what works best for you.

Your pension options

Before you start, have a quick read of the below:

Get in touch with us if you're seriously ill

If you’re seriously ill (which means having less than a year to live) and are 74 or younger, you might be able to take your full pension as cash without paying any tax. If you are seriously ill and you have a Scottish Widows pension, call us and we’ll take you through everything - step by step.

0345 835 6644

Lines are open Monday to Friday, 9am to 5pm.

From outside the UK call +44 345 835 6644.

Don't be a pension scam victim

Pension scams are on the rise in the UK. If you're taken in by a scam, you could lose all the money in your pension. We're here to help you recognise what to look out for. Pension scams typically start with an unexpected phone call, email or text. Find out more about pension scams.

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.