I'M APPROACHING RETIREMENT
Learn more about the options available to you as you reach retirement and when you are able access your pension savings.
HOW IS YOUR PENSION POT INVESTED?
Your pension is a long-term investment plan that is invested in assets, such as stocks and shares. As you get closer to retirement your attitude to risk might change and its important to think about how your pension is invested and how much risk you are comfortable with taking.
Pensions are a long-term investment that helps you save for your retirement in a tax-efficient way. The retirement benefits you receive from your pension plan will depend on a number of factors including the value of your plan when you decide to take your benefits which isn't guaranteed, and can go down as well as up. The value of your plan could fall below the amount(s) paid in.
There is more than one way to take your pension when the time comes. From taking a cash sum to a more flexible approach, it’s worth finding out which way suits you, particularly as all options have different tax implications.
LESS THAN 10 YEARS FROM RETIRING? HERE'S SOME EXTRA STEPS YOU SHOULD TAKE
Even if you have less than 10 years before you retire, small changes now could make a big difference to the size of your pension pot. Follow our checklist to make sure you’re doing everything you can to make the most of your retirement.