What are the pension options at retirement?
If you are approaching retirement then you have a number of options for how to receive an income. You can sell your pension to buy a guaranteed income for life, or take money directly from your fund as and when you need it. It’s even possible to take all of your savings as cash.
Call 0800 304 7288 for a friendly chat about your pension
Stephen finished his documentary
Documentary-maker Stephen took money from his pension to complete his long-in-the-making documentary “After ‘82”, which explores the history of the AIDS crisis in the UK. Click the link to watch Stephen's story.
Pension cash enabled Alan to clear debts
Alan had credit cards charging high rates of interest. Taking some tax-free cash from one of his pensions allowed Alan to clear the cards, and the rest remained invested for the future. Click the link below to watch Alan's story.
Finding old pensions changed Mark’s future
Mark wanted us to find his pensions from previous jobs. Tracking them down gave him almost £20,000 more for the future. We then combined them into a single pension fund, giving more control than before. Click the link below to watch Mark's story.
A quick reminder that the tax you pay depends very much on the current rules and your personal circumstances, and so could change in the future.