You’re close to retirement, now you just have to work out what to do with your pension. We’ll take you through the different ways you can take your money. And give you some pointers on how you may be able to make it go further.
But first, you should understand how to keep your pension pot safe, scammers may try to tempt you with offers of accessing your pension funds before you’re allowed to. Be wary of cold calls or anyone pressuring you to make a quick decision to cash in your pension. Find out more about pension scams.
Ways to take your money
Taking your pension in cash
See the impact of withdrawing your pension money as one lump sum – and what you can do instead.
Withdrawing part of your pension
There are a few different ways to take your money as you approach retirement. See your options on withdrawing part of your pension money.
Mix and match your retirement options
Choosing a few retirement options (rather than just one) could help you get the retiree lifestyle you’re after.
Leave your money where it is for now
Not touching your money right away could make a difference to the size of your pension pot.
Buying an annuity
You can use all or part of your pension pot to buy a guaranteed income for life.
Should I get financial guidance or advice?
Financial guidance or advice can be a huge help when it comes to money matters. See how our experts can help you plan your retirement.
