What to expect
So, you’ve hit the big milestone - retirement is no longer a distant sun on a faraway horizon. It might seem like your life is transforming, or you could find it hasn’t changed much. It’ll depend on things like your health, your job, and family. Either way, we’re here to help you through it.
Retirement is a unique journey for everyone. People experience different emotions about it. You might feel relieved and like a weight’s lifted, or you could feel like you’ve lost your sense of purpose. It may also be a mix of emotions.
Knowing what to expect can help tackle any unexpected feelings about your retirement. We’ve pulled together some key advice on how life can work after you’ve retired.
The products we mention below are only available from age 55 or over (annuity and income drawdown), but this will change to age 57 from 6th April 2028.
What we offer
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Get a guaranteed income for life with an annuity
We’ll pay you a guaranteed life-long income, so however long your retirement lasts, you’ll always have money coming in.
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Discover a flexible retirement with income drawdown
Take what you need from your pension as and when you need it
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Unlock some of the value of your home with equity release
Take out tax-free cash with our lifetime mortgage, with a fixed interest rate and no hidden costs. To find out if a lifetime mortgage is suitable for you, Learn about the pros and cons of our lifetime mortgage.
Am I eligible for a Lifetime mortgage?
The type of equity release Aviva offers is a lifetime mortgage. This is a long-term loan secured on your home, for UK homeowners aged 55 and over. Inheritance will be reduced, tax position and welfare benefits may be affected.
Get crunching the numbers with our calculator, for an idea of how much tax-free cash you could be able to release from the value of your home, with a lifetime mortgage.
Take a look at each stage of your pension journey
From the planning stages through to taking your money, we're with you every step of the way.
Start retirement planning
Find out what you need to consider when you’re getting those pension plans in order.
Pension basics explained
A little confused by all the jargon? Let us take you through the pensions essentials.
Using your pension
See all the different ways you can start taking your pension money when you're ready.
Retirement help and support
See how we can support you, no matter where you are on your retirement journey.
What kind of income can I get with an annuity?
Our annuity calculator just needs some basic information to give you an estimate of how much your life-long income could be with us – helping you to make an informed decision about your future.
Life in retirement articles
To make things easier for you, we’ve put together some of our guidance on life before and after retirement.
Working after retirement – the facts
Trying to secure a role you want after you hit 55 can feel daunting. So we’ve got some expert guidance to remind you just how valuable your experience is.
How do I set up a future for my grandkids?
Leaving your grandkids something could give you the satisfaction of knowing you’ve given them – and your children – a helping hand.
Budgeting for retirement
See how you can make your pension money go further so you can get the retirement you've planned for.
Retirement and divorce
It's an uncertain time for most, so we want to help you understand how it'll impact your pension.
Getting your house in order before you die
Sorting out the important things before you die can help your loved ones cope. Just follow our simple guide.
What's pension tax relief all about?
Understand how pension tax relief works, what it's based on and the impact it has on paying into your pension.