Investment options

• Tax efficient investments
• Investments for everyone
• Investments for children
• Retirement planning
  • Retirement planning explained
  • Pensions
    • About pensions
    • Stakeholder pension
    • Personal pension
    • Self invested personal pension (SIPP)
    • Compare pensions
    • Your options at retirement
      • Annuities
      • Income drawdown
  • Savings and investments
  • Protection
  • Inheritance planning
  • Tax planning

Expert advice

• Financial Planning

Existing Customers

• Online Fund Prices

Help and guides

• Guides to investing

Turning your pension fund into an income

You can take the benefits under your stakeholder or personal pension between age 55 and age 75. Exactly how you take your benefits is for you to decide.

Tax free cash

You can take up to 25% of the value of your pension fund as tax free cash. You might want to use this money to enjoy yourself - travelling round the world or buying a new car. Alternatively, you may want to save or invest it to boost your retirement income.

Whether you take tax free cash or not, you also need to decide what to do with the rest of your pension fund - buy an annuity or use income drawdown.