Accessing your pension
You can normally start taking your income at any time from age 55, even if you haven’t stopped working. Or, if you become severely ill, you may be able to take your benefits earlier.
You now have more freedom and choice than ever before over what you can do with your pension savings. You can choose any combination of the following, with some or all of your retirement savings:
- Take a guaranteed income – receive a set amount of income for life
- Get flexible access to your savings – take the income you need, when you need it.
- Have it paid in cash – get your retirement savings paid as a lump sum.