Leave it for now
If you don't need access to your retirement savings, you can leave your money where it is*. Your retirement savings will remain invested, so they’ll still have the chance to grow – though they could also fall in value.
*Depending on the type of plan you have, certain options may become restricted when you reach a certain age. You should review your plan details regularly to see if any restrictions apply.
Things to consider
Can I afford to retire?
You can use our quick pension calculator to see how much income and tax-free cash you might expect when you retire.
What happens if I die?
If you die before you’ve taken any benefits, your retirement savings will be paid to your beneficiaries. If you die before age 75, it’ll be paid tax free.
If you die aged 75 or over, any retirement savings paid to your beneficiaries on your death could be subject to tax.