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The government is removing the restrictions on what you can do with your pension savings. This means that you will be able to choose the option that’s right for you.
Pension Wise is a new government service that will offer people approaching retirement free, impartial guidance about their choices. You'll be able to receive Pension Wise guidance online, over the phone or face to face.
Pension Wise will provide tailored guidance to explain what options you have and help you think about how to make best use of your pension savings. It will offer information about the tax implications of different options and other important things you should think about, as well as tips on how to get the best deal, including how to shop around.
Choosing what to do with your pension savings is an important financial decision and it is often possible to get more for your money by shopping around. Pension Wise can help you make the decision that is right for you.