A pension is a long-term investment. Its value can go down as well as up and could be worth less than was paid in. Laws and tax rules may change in the future. Your own circumstances and where you live in the UK will also have an impact on tax treatment.

Helping you prepare for your future

We’re here to help you save for life after work. We can also help you understand your retirement options so you can pick the one that feels right for you. This page has the main products, services, guides and tools that can help you prepare for life in retirement.

Top up your pension plan

Topping up your pension plan today could make a big difference to the money in your pot. Find out how to top up your personal pension.

Transfer a pension plan

Bringing your other pension plans together into one plan could be an option. It can help you save on charges and make your money easier to manage. Learn more and get started here. Keep in mind it may not be right for everyone.

Your retirement options

You have options when it comes to taking your pension money. Find out how each of them works and what they could mean for your retirement benefits below. Remember, you don't have to take your money at 55 (57 from 6 April 2028), you can choose to leave your pension plan invested until you need the money.

  • Take a flexible income

    This is also known as drawdown. You can take money from your pension plan when you need it while the rest stays invested.

  • Buy a guaranteed income

    You can use the money in your pension plan to buy a guaranteed income for life. This is also known as an annuity. Find out more here.

  • Take cash from your pension plan

    You can take a cash lump sum from your pension plan. There's a lot to think about, such as running out of money.