The value of your investments can go down as well as up and you may get back less than you paid in. Laws and tax rules may change in the future. Your own circumstances and where you live in the UK also have an impact on tax treatment.

Check how long your money could last

You’ve planned for and invested in your future, so it’s important to make sure your pension pot doesn’t run out and that you know how long it could last.

Once you’ve started to withdraw your pension savings, it’s important to regularly review your plan. Our easy to use online retirement review will help you:

  • Check your plan value
  • See how long your money could last
  • Check if your investment choices are still right for you

Simply log in, click on My Retirement then Review Your Plan . You can use this review if you have an Active Money Personal Pension with us and have started taking money from it.

If you don’t have this type of plan with us don’t worry. You can also discover how to make your money last by reading our article that explains the things you need to consider.

Managing your tax and allowances

When it comes to taking money from your pension, it can really pay to understand how it’s taxed and what your different allowances are. We’ve created a number of guides to help you get to grips with tax and allowances.

Read our Retirement guides

Read our Pension guides

Get expert help to manage tax and allowances

There’s lots to think about when it comes to tax in retirement. An Adviser could help you to minimise, or even eliminate, the tax you pay on your income and when passing on wealth. Helping you to get on with enjoying your retirement. Book a free consultation.

Explore our Retirement Advice service

Taking cash from your pension

You can normally take cash from your pension after you reach 55 (may be subject to change). A quarter of your pension pot is usually tax-free, and you’ll pay income tax on the rest. You can take a lump sum from your pension at any time. But it’s important you understand the impact of taking cash from your pension.

You can find out more about taking cash from your pension in our full guide.

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