Approaching retirement

Compare Income options

Thinking about retirement?

There’s a lot to consider when your looking at your options.

Take a look at your options

Retirement pathfinder

Finding the right path

A quick and easy way to get a snapshot of your options.

Find out which path may work for you

Retirement Calculator

Explore income options

An easy way to explore your options.

Use our calculator to expore your options

Retirement – what to think about and when

Retirement is a long term plan. A bit of forward thinking, regular reviews – and taking action when you need to – could help you keep your retirement plans on track.

Read our step by step guide

Budgeting for retirement

A big part of planning for retirement is making sure you can afford the lifestyle you want.

Work out what it would cost

Reducing your retirement risk

As you approach retirement, you may want to think about preparing your pension savings for retirement.

More about reducing risk

Increasing your retirement income

Who wouldn’t like a little more income when they retire? Find out about the options that may be available to help boost your pension.

Increasing your retirement income

Tax in retirement

Ready to access your pension savings? Let’s make sure you don’t end up paying more tax than you need to.

Find out more about tax

Let’s compare your pension options

There’s a lot to consider when your looking at your options.

Take a look at your options

Flexible income

Flexible income, or drawdown, gives you the freedom to choose your own level of income and the flexibility to suit your personal needs.

What is flexible income?

Fixed income

Fixed income, or an annuity, is a guaranteed income for life. It’s easy to set up with no fuss after that.

What is fixed income?

Take cash from your pension

Withdraw cash lump sums from your pension whenever you like. The first 25% is normally tax-free.

How do I take cash from my pension?

Why leave it for now?

You don’t have to take money out of your pension straight away. You could benefit from leaving your money where it is. However, your money remains invested and charges are still deducted. You could get back less than you leave in.

Read how you could benefit

Pension flexibility

Everyone has control over how they take money from their pension.

There’s a minimum age after which you can withdraw money, but pensions are now one of the most tax-efficient and flexible ways to save for the future.

Protect against pension scams

The Pension Regulator (TPR) and the Financial Conduct Authority (FCA) have provided information to help people protect themselves from pension scammers.