Your options at retirement
What to do with your pension fund when you retire
You can take your pension benefits anytime after age 55. The way you take your benefits is entirely up to you.
Taking tax free cash
Up to 25% of the value of your pension fund can be taken as tax free cash. You can spend this money in any way you want – such as splashing out on a new car or world cruise. Alternatively, you could decide to save or invest it to give you more retirement income.
Whether or not you take tax free cash, you’ll need to decide to either buy an annuity with the rest of your pension fund or use income drawdown.
Income drawdown
Income drawdown lets you generate an income from your pension fund by keeping your funds invested.
Get in touch
We’re here to help you cut through the complexities of retirement.
Contact us today for an appointment with one of our Financial Planning Managers.
Call us on
0800 051 1868*
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Sat 9am-5pm (excl. public holidays).
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Glossary
Still struggling with retirement planning jargon? Check out those tricky terms with our glossary.