If you’re a member of The People’s Pension, our secure site is an easy way for you to view and manage your pension pot with us.
If you have another product with B&CE, the provider of The People’s Pension – and you’d like more information, please visit B&CE’s financial services webpages.
Securely operate and manage all aspects of your account with us.
Secure logins to the toolkit in your Adviser Centre and to your client accounts.
To help you work out how much money you’ll have coming in as you come up to retirement, you need to know when you can get access to your different pension pots.
While nowadays it’s all about automatically enrolling in workplace pensions, some people still have other types of pension to enjoy when they retire. As such, ’employer pensions’ include any that you’ve built up with an employer throughout your career.
From these you can normally take an income or lump sum from 55 (or 57 from 2028). However, most employer pensions have a ‘selected retirement age’, which is usually your State Pension age, or an age selected by you or your employer. Pension providers use this age to calculate your expected pension shown in your annual statement.
Taking money out of your pension pot before the selected retirement age will affect how much you receive later.
You can normally take an income or lump sum out of your pension pot from 55 (or 57 from 2028).
Like employer pensions though, your personal pension will have a selected retirement age, which is used to calculate your expected pension shown in your annual statement. If you take money earlier than this age you’ll affect how much you receive later.
However, a personal pension can provide a useful income if you decide to move to part-time work before stopping completely.
The State Pension age is the age at which you can receive your pension from the state. This has now changed from 65 to 66 (depending on when you were born) for both men and women. In the future it will rise again to 67 and then 68.
Did you know: You don’t have to take your pension at the ages set by your various pensions. You can defer taking your money until you need it.