Step 4: Arriving

Whether you still intend to take your money at your target retirement age, or want to change it, then you should check that your money is invested in a way that reflects how and when you plan to take it. You’ve worked hard and have put some of the money you’ve earned into your retirement savings account – now’s the time to make decisions to enable you to enjoy the next chapter of your life.

You should consider how and when you want to retire, so that means taking time to think about things like:

• how much money you will have 
• how long it will need to last
• if your target retirement age is right for you
• how much your State PensionOpens in new tab might be
• what your options are
• What your life will look like in retirement such as how you're expecting to spend your time. Does your chosen retirement option work in line with your plans?

It’s a really good idea to get guidance at this stage if you haven’t already done so. Pension WiseOpens in new tab is a government service from MoneyHelperOpens in new tab that offers free, impartial guidance about your defined contribution pension options. You can book an appointment once you are aged 50 or over.

You can also call the Tesco Retirement Savings Plan Helpline on 0345 070 4058Opens in new tabOpens in new tab and press ‘2’ to discuss your retirement options and request any more information you need before you make your decision.

Should you require, you may also choose to receive personalised advice from a financial adviser. For further information please see Guidance and financial advice.