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.
What are your options for taking money from your pension plan?
There are different ways you can pay for life after you stop working. Explore your options with Standard Life and think about the ones that suit you best. If you’re not sure which is the right option for you, we recommend you get financial advice.