Options for accessing your pension

1. How to take money from your pension

Take a look and think about which one may be right for you:

	Take your pension flexibly (240KB) Access your pension flexibly through one-off or multiple lump sums or a regular income
	Take a guaranteed income (265KB) This means setting up an annuity, providing a regular income for life
	Take all your pension money in one go (125KB) A lump sum with part of it being tax-free

Our retirement calculator can also help you understand and explore your options.

2. Bringing your pensions together

If you have more than one pension, you may find it helpful to bring them together so you can manage everything in one place. This may not be right for everyone but if you think this might be right for you, read our Transfer my Pension guide for more information.

3. Further support to help you plan

If you're still unsure what's right for you, consider getting financial advice. Although there will be a cost for advice, it could save you money in the long run. If you don’t have an adviser, we can help you find one at standardlife.co.uk/financial-advice or to find a financial adviser in your area visit unbiased.co.uk .

You can also get free impartial guidance over the phone or face to face with Pension Wise. Contact them on 0800 138 3944 or visit pensionwise.gov.uk .

Or you can make use of the The Money Advice Service’s tools and calculators for free and impartial guidance at moneyadviceservice.org.uk or contact them on 0800 138 7777.