When you can start getting your pension, checklist of things to do leading up to your retirement, getting help and what to do if you've lost track of a pension.

Workplace and personal pensions

The earliest you can start getting a workplace or personal pension is usually when you’re 55 - you should check this with your pension provider. You might be able to get your pension sooner if you’re retiring due to ill health.

How can we help

We can….

• Income Assessment: We'll help you understand all your income sources and how your spending may change once you retire.

• Mortgage Planning: If you have an outstanding mortgage, we can assist in determining whether paying it off with a lump sum is beneficial.

• State Pension Estimate: We'll guide you in estimating your state pension amount.

• Tracking Lost Pensions: If you’ve lost contact with any pension providers, we can help track them down.

• Pension Provider Coordination: We'll assist in communicating your retirement plans to all your pension providers, ensuring you get all necessary information and updates.

What choices do I have?

There are three ways to take your money from your pension:

• Take a bit at a time (known as drawdown)

• Take it all in one go

• Buy a regular, guaranteed income (an annuity)

• You can choose a combination of these or mix and match them over time.

Detailed Planning and Decision Making

• Income Needs: How much will you need annually to maintain your desired lifestyle?

• Tax Efficiency: We'll help you understand the tax implications of different retirement income strategies.

• Investment Risk: Decide on a suitable risk level for your investments based on your comfort and goals.

Speak to an Expert

For personalized advice, schedule a free 20-minute consultation with our financial adviser today.

Other help with pensions

The Money Advice Service
www.moneyadviceservice.org.uk
Telephone: 0300 500 5000

Monday to Friday, 8am to 8pm
Saturday, 9am to 1pm

The Pensions Advisory Service
www.pensionsadvisoryservice.org.uk
Telephone: 0800 011 3797

GOV.UK has information about the state pension and workplace and personal pensions for England, Wales and Scotland.