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Your retirement options

You can access your retirement savings any time after age 55 – even if you’re still working. And you have lots of choice in how you take them.

Secure income

Enjoy a guaranteed regular income, sometimes called an annuity, for the rest of your life. Find out more

Flexible access

Take the income you need, when you need it. Find out more

Cash payment

Have all your savings paid as a cash lump sum. Find out more

Leave it for now

If you don't feel ready to decide how to access your retirement savings when the time comes, you can leave them invested in your plan. While this means your savings can continue to grow, it also means they can fall in value - so you could end up with less money to live on.

When you come to access your retirement savings, you can use a combination of these options. What's more, you're free to shop around. This means you don't need to stay with the pension provider you've been saving with - you can take your savings to the market and see who can best meet your needs.

If you're not sure about what retirement option is right for you, you should speak to a financial adviser. You can also contact Pension Wise, a free and impartial retirement planning service, introduced by the government to help you understand your options.


Keep us up-to-date

Keep us up-to-date with any changes that could affect your retirement plans.

If you decide to change your retirement age, let us know. If you're invested in a Lifestyle Strategy, we'll make sure your money is invested in the right part of the strategy.

Did you know?

If you die before you take any or all of your retirement benefits, your savings could be paid to one or more beneficiaries of your choice. If you've not chosen beneficiaries or would like to change your beneficiary details you can complete the form online or download and print a paper form.

Know your limits

The government has set limits to do with pension contributions and taking your retirement savings.

Find out more

Contact us

Email us

0370 850 1991