Your retirement options

You have various options when it comes to taking money from your pension pot. You can choose one or a combination of these options, some of which will affect you for the rest of your life. For additional information on your retirement options you should visit Pension Wise from MoneyHelper, the government’s free impartial guidance service.

Use your pension pot to buy a guaranteed income for life

An annuity is a retirement product that turns your pension pot into an income that’s paid to you for the rest of your life.

Take your whole pension pot as a taxable cash lump sum

It’s possible to take all of your pension savings as a cash lump sum, but there can be serious tax implications if you do.

Leave your money invested and make withdrawals when you need to

If you don’t need all of your pension pot right now, you can leave it invested and take money out when it suits you.

Not sure which is the best option for you?

Remember: you don’t have to take your retirement benefits with ReAssure. Always shop around before committing to any option as you may get a better deal elsewhere.

Explore your options

You can use our Retirement Planning Toolkit to understand more about your retirement options, and see how each one could look based on your own circumstances.

Getting help

ReAssure is unable to provide financial advice or make a personal recommendation, but we can provide you with factual information about your policy and your options.

However, there are places you can go for help.