Your retirement options explained
Tips to help you choose the right option and help maximise your pension
Retirement is an important financial decision, and it’s important you get it right. Having the best information is a critical first step in your retirement plan.
This plain-English factsheet outlines your options, the pros and cons of each, plus:
- Where to consider investing your pension for retirement income
- What happens to your pension when you die
- How the ‘Pension Freedom’ rules affect your retirement
- The value of getting guidance or advice
This factsheet is not personal advice. Please remember tax rules can change and the value of the tax benefits will depend on your circumstances. The value of investments can fall as well as rise so you could get back less than you invest.