You could win £10,000!
Simply download, register and use the Scottish Widows app between 7 July and 31 December 2026. For full details and eligibility, or to opt out, see our terms and conditions.
Your pension options
How are you going to take your money?
You have a few options to explore. Find out what's right for you.
Pension options at a glance
|
Options: |
Access your money flexibly |
Take some of it as a lump sum |
Guaranteed income |
Take all of it at once |
Leave it for now |
|---|---|---|---|---|---|
|
Options: Can I take some money as tax-free cash? |
Access your money flexibly Yes |
Take some of it as a lump sum Yes |
Guaranteed income Yes |
Take all of it at once Yes |
Leave it for now
|
|
Options: Does it provide a guaranteed income for life? |
Access your money flexibly
|
Take some of it as a lump sum
|
Guaranteed income Yes |
Take all of it at once
|
Leave it for now
|
|
Options: Does it prevent my money from running out? |
Access your money flexibly
|
Take some of it as a lump sum
|
Guaranteed income Yes |
Take all of it at once
|
Leave it for now
|
|
Options: Can I change how I use my savings later? |
Access your money flexibly Yes |
Take some of it as a lump sum Yes |
Guaranteed income
|
Take all of it at once
|
Leave it for now Yes |