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
Secure income
Enjoy a guaranteed regular
income for the rest of your life.
Flexible access
Take the income you need,
when you need it.
Cash payment
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.
Get the help you need
Online service
You can access our secure online service 24 hours a day, 7 days a week.
