There are a number of ways you can take your money. You may already have an idea of what could work best for you, but it's worth taking time out now to make sure you fully understand all of your pension options.
Need to understand what your retirement could look like? We can help. Understand more to learn the basics about pensions and your options as you approach retirement. And don't forget, in 2028, the Government is expected to increase the age from which pension benefits can be taken to 57 from 55.
You can leave your pension savings invested, and take parts of your pension or withdraw a flexible income when you need it.
Use your money to provide a regular guaranteed income for life.
You don't have to use just one option. You can combine these options in many different ways to meet your needs. Have a look at our table (PDF, 50KB) to help you compare the options.
You might want to combine pensions. This can make keeping track of the value of your pension savings a little easier. It also means less paperwork to deal with, and may reduce the costs of managing your pension savings.
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