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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:
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.
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.
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
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.