A financial adviser can give you personalised advice and recommendations to match your individual needs and circumstances.
Your retirement options
You can access your retirement savings any time after age 55 – even if you’re still working.
And you have lots of choice in how you take them.
Your options explained
Enjoy a guaranteed regular
income for the rest of your life.
Take the income you need,
when you need it.
Have all your savings paid as a cash lump sum.
Leave it for now
Put things off until the
time feels right to you.
|How your options compare|
|Your options||Secure income||Flexible access||Take cash|
|Can I arrange to take a regular income?||Yes||Yes||No|
|Is my income guaranteed for the rest of my life?||Yes||No||No|
|Can I change how much money I receive?||No||Yes||Yes|
|Could my money run out later in retirement?||No||Yes||Yes|
|Can I do something different with my savings in later years?||No||Yes||Yes|
|Can I take some tax-free cash?||Usually up to 25% of your pension pot*||Usually up to 25% of your pension pot*||25% of your pension pot|
|Find out more|
*You may be able to take more than 25% if you have protected tax-free cash. A financial adviser could help you understand whether this applies to you.