Leave it for now

• Decide when you’re ready
  
  If you’re aged 55, you can access your retirement savings whenever you feel the time is right. You can buy a secure income, dip in with flexible access or take it all as a cash payment.
  
  
• Continue saving for your future
  
  You can keep saving into your plan - and benefit from tax relief on your contributions. Of course, tax rules can always change - and how much tax relief you'll benefit from depends on your individual circumstances. 
  
  
• Give your savings more time to grow
  
  As your money stays invested for longer, it'll have more time to grow.

• You're still exposed to investment risk
  
  While your money stays invested, there are no guarantees it will grow. So if your investments perform poorly, you could get back less than you started with. 
  
  
• Your options could become restricted
  
  Depending on the type of plan you have, your retirement options may become limited when you reach a certain age. That means it’s important to review your plan details regularly to see if any restrictions apply.

The retirement savings you have left in your plan can be passed on to your loved ones – usually free of inheritance tax.

• If you die before age 75, your retirement savings can normally be paid to your loved ones however they like, tax free.
• If you die aged 75 or older, your retirement savings can be paid to your loved ones however they like, subject to tax.