Your pension guide
Your pension options and the risks you must consider

Could your pension be the key to greater financial freedom ?

From the age of 55, and with an eligible scheme, you can decide when and how you would like to access some or all of your pension.
Withdrawing money from your pension early will leave you worse off in retirement. And not knowing the risks could leave you paying a hefty tax bill or losing valuable benefits. We are here to help you navigate all this.

Consider this guide your helpful pension handbook, breaking down what you can do with your pension from 55, the risks you should consider, and how you can make the most out of consulting with a qualified pension specialist.
Tax treatment depends on your circumstances and is subject o change.
What can I do?

Option 1: Leave your pension as it is

The longer your pension is left untouched, the more potential is has to grow

This could mean more money for you in retirement.
Here are a few points to consider:
Your pension may be offering you valuable guaranteed benefits that you could lose if you access or transfer your pension.
Taking money early will leave you worse off in retirement.
If you decide to keep your pot invested, it is worth checking that it is living in the right home. Ask yourself:
Are my investments in line with my willingness to take risk?
Am I paying too much in fees to my current provider?
Are my investments performing as well as they could be?

Unsure on the above? Don't worry, Give us a call on:

0800 029 4477

We can help you check.

What can I do?
Knowing what you can do is the first sep to deciding what you should do. Let's run through your pension options from the age of 55.
Eligibility
When we talk about eligibility, we mean whether or not you are able to access your pension from the age of 55, and the pension types that are eligible for early access.

Your options
Option 1:
Leave your pension as it is
Option 2:
Taking your tax-free cash
Option 3:
Taking lump sums
Option 4:
Taking your pot in one go
Option 5:
Taking a regular income