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We’re carrying out essential work from 8.30pm on Tuesday 14 May, which means Online Account (for members) will be unavailable. We’re sorry for any inconvenience.

We’re sorry, but some customers are experiencing intermittent issues with our Online Account (for members). We’re working hard to fix this as quickly as we can.

Mix and match your options

You can choose a combination of options to suit what you want to do with your retirement.

From your normal minimum pension age…

Your pension pot is normally available to you from your normal minimum pension age.

At this age you may still be working and contributing to your pension so you can build up a larger pot of money for when you retire completely. But, if you want to cash in some or all of your pension after you reach your normal minimum pension age, you can.

So for example, you might want to take a lump sum at 57 to pay off your mortgage or take a holiday. Then, when you reach 60 you might want to move to part-time work, so you take lump sum payments to top up your income. When you retire completely you could take an annuity to provide a guaranteed income for life.

Move to a provider that suits your needs

Not all these options are available from all pension providers.

But if your pension provider doesn’t offer the option you’re looking for, you can move your money to a different provider.

Next: Paying tax on your pension