Two months to go

If you have an Aviva pension plan, you will have received an information pack showing you:

How much your pension fund is currently worth
Examples of the amount of income we could give you if you use your pension fund to buy our Pension Annuity.

Find out how much income you could get from your pension.

What's in my pack?

Your pack contains:

Details of how we've worked out your options
Your retirement income options with Aviva
Your other options
Forms for you to complete and return.

As well as explaining your options, your pack tells you what you should be thinking about now in the run up to retirement.

See what your pack looks like.

Retirement income calculator

See how much income you could get from your pension fund.

Calculate retirement income

Why have I got this?

You're two months away from retirement, so you really need to make some decisions about what you want to do. Basically, you should act now to make sure that you have an income coming in when you retire.

What do I do now?

The first decision you have to make is whether you want to retire now or wait.

Retire now

You need to decide the best way to fund your retirement.

Read about how much income you could get from your pension fund.
Use our retirement income calculator to find out how much income you could get.
Talk to a financial adviser for advice about your personal situation. If you don't have an adviser, you can visit www.unbiased.co.uk or call us on 0800 068 4076. We can only advise on our own products.
Call us for a quote if you haven’t already received one. Even if you have got a quote, give us a call and we can tailor it to match your circumstances.
Once you've decided that an annuity is the right product for you, shop around for the best rates and options available.
If you are happy with one of the quotes you received with your pack, fill in and return the 'I want a retirement income from Aviva' form, telling us which option you want to take.
We have some information on retiring due to ill health that may be useful to you if you are in this situation.

Retire later

You have several choices here:

You can continue to work full time or reduce your working hours.
You can stop working, but not take your retirement benefits just yet.
If you have an Aviva pension plan, you might like to take a look at our Pension Tracker to see what changes you could make to your pension fund. For example, you may want to change the funds your pension plan invests in if you want to retire later.
Talk to a financial adviser to find out what options you have. If you don't have an adviser, you can visit www.unbiased.co.uk or call us on 0800 068 4076. We can only advise on our own products.

The decision is completely yours. You just need to tell us want you want to do by returning the form we send you. Read more about delaying your retirement or semi retiring.

What happens if I don't do anything?

With Aviva, you must convert your pension fund into an income by your 75th birthday. If you don't tell us what you want to do with your pension fund, we will contact you before your 75th birthday. Read our 'Can I retire after I'm 75?' FAQ for more information.

Related FAQs

Why is my online quote different to the one I received in my pack?: If you have used the retirement income calculator to get a quote, you may have picked different options from the options we selected for you when we generated the quote in your pack. You know best which options suit you, so feel free to play about with the calculator to see how your income can differ when you choose different options. Some of the options will reduce the amount of income you could have, but others may have no effect on the income. The quote may also be different because of changes to the value of your pension fund and investment conditions, or differences in the details used to produce the quote. Give us a call if you want some help.

Read all FAQs