Flexible access - with up to 25% tax-free

With our Personal Pension you can withdraw your money in the app, online, or call us over the phone.

We'll never charge you for withdrawals, and you can take money out whenever and however you like.

You can normally access the money in your pension when you're 55 (or 57 from 6 April 2028). And you usually won't pay tax on 25%.

Ways to take your money

You can take your money in one or more of the following ways:

  • Take lump sums - for example, if you're still working but want to access some of your tax-free cash
  • Take a flexible income or 'drawdown' - take regular withdrawals while your pension pot stays invested
  • Buy an 'annuity' - a guaranteed income for the rest of your life

Standard Life have been amazing over the years, always keeping me informed. Withdrawing money was straightforward - I was given so much information.

- Mark (55), Whitburn

Free retirement webinars

Join our free retirement webinar to find out more about ways to take your money, and put your important questions to our live panel of experts.

90% of customers surveyed in 2025, rated our retirement webinar as good or excellent.

Started with good foundational information. The Q&A session was particularly useful. Great questions and very helpful answers given.

- A retirement webinar attendee

More about our personal pension