Take your pension savings

Need help and guidance?

We can’t provide guidance or advice about how to take your pension savings, but a specialist can.

Get help with finding guidance or advice, that’s right for you. Click on the guidance and advice menu item for more information.

If you know how you want to take your pension savings, and have explored your options, here’s how you take your next steps.

Remember: if you haven’t already, getting some guidance or advice can help you make the best decision for your future.

How do you want to take your pension savings?

I want to access my tax-free cash

I want to take all of my pension savings as a cash lump sum (for savings less than £10,000)

Remember, you can only choose this option if your pension savings are less than £10,000. You may be able to take this kind of lump sum up to a maximum of three times from separate personal pension savings pots, but each lump sum must not exceed £10,000.

I want to take my pension savings as one or more cash lump sums

I want to take a regular income

(an annuity)

I want to take a flexible income