Important: The information on our website is not personal advice but we can offer advice if specifically requested. What you do with your pension is an important decision, which could be irreversible. Make sure you understand your options and check they are suitable for your circumstances: take appropriate advice or guidance if you are unsure. The Government's free Pension Wise service can help. It provides impartial guidance face-to-face, online or by phone. Pension and tax rules can change and any benefits will depend on your circumstances.
How to manage cash in drawdown
Two ways to manage cash in drawdown to meet income payments and fees.
Withdrawals: three most frequently asked questions
Research and tools to help you make the most of your money
Calculate what level of income withdrawals might be sustainable, and when you might run out of money.
Income tax calculator
Calculate how much more income tax you might pay if you take a lump sum from your pension.
Choose an investment strategy and view our fund ideas for generating income without drawing from capital.