Deciding how to use your pension pot
Answer the questions below to get an understanding of the key decisions you need to make when deciding how to start taking your pension.
This tool aims to help you understand some of the decisions you need to make when thinking about how to use your pension pot. It should not be considered advice and we recommend seeking guidance and advice before making a final decision.
Are you currently planning to take your pension?
You can access your pension pot any time from age 55 (rising to 57 from 2028) but you don't have to take it straight away and you don't need to take it as soon as you retire.
How much income could you receive?
Use our Retirement Income Calculator to find out how much your annual income could be using our suite of products, plus the tax impact of taking it all as cash.
Need help?
Making well-informed decisions about how to finance your retirement is important so it’s worth shopping around and using available guidance and advice.
Retirement guidance
Pension Wise from MoneyHelper
The government’s free and impartial service, offering guidance to make money and pension choices clearer.
To find out more or book an appointment online click below or call.
0800 138 3944
8am to 6.30pm, Monday to Friday.
Calls may be recorded and monitored.
Send us a secure message
If you have any questions, you can send a secure message through your account. Use the link below to log in.
Get financial advice
Financial advisers can give you professional advice for pension planning.
You usually need to pay for their service and in return they recommend how to make the most of your pension given your circumstances.
To find and compare financial advisers please visit their website below.