When it comes to deciding how to use your pension savings, you don’t have to feel restricted, there’s no ‘one’ right answer, retirement is a journey and you may need different options at different points on that journey.

It's important to shop around, as different providers will have different products and charges. Getting quotes from providers will help give you a fuller picture of what your options are, and what they could mean for your money in retirement.

You can access your pension pot from the Normal Minimum Pension Age, which is usually 55 (57 from 2028), or sometimes earlier if, for example, you’re in ill-health.

What are your options?

Our 3 minute video is an easy way to get an overview of all your options - including how much tax-free cash you can take, and what to look out for when making a decision.

Your pension options
What are your options? video



Ready to start to look at your options?

Read our handy tips to consider before you start taking money from your pension pot and our step-by-step guide on options available to you.

Start now