JavaScript Warning

This site relies on JavaScript for critical functionality. Please enable JavaScript and reload the page.

What retirement income options do I have?

You have a number of income options at the point of retirement. You can choose to take:

  • Tax-free cash
  • Guaranteed income for life (annuity payments)
  • Flexible retirement income (drawdown payments)
  • A number of lump sums (known as UFPLS - Uncrystallised Fund Pension Lump Sum )
  • The whole pension pot in one go.

The option you take will depend on your personal circumstances. Find out more information on getting ready for retirement.