Some pensions have features that could affect how much you get when you take your money. So it's important to check your pension, to see if these apply. You should do this before making any decisions about taking your money.
Protected Tax-Free Cash Lump Sum – This will allow you to take more than 25% of your pension as a tax-free cash lump sum.
Protected Pension Age - Your pension may have a Protected Pension Age which will enable you to access your money earlier than the normal minimum pension age.
Guarantees or bonuses - These can include a guaranteed growth or bonus rate, a loyalty bonus or a fund bonus. These can also include a guaranteed annuity rate or a guaranteed minimum pension. These may only apply if you take your pension at certain times.
Protection - This can include life cover or waiver of premium.