Preparing to access your savings
If you’re in your 50s or 60s, you might have started to think about your retirement and when you want to start taking your pension benefits. You can usually access some or all of your pension benefits from the age of 55, although this is rising to age 57 after 6 April 2028.
To prepare to access your savings, it’s important to be clear on:
- What sources of income are available to you.
- What your retirement goals are.
- How you want to take your savings, tax implications and the options available.
- Whether you need financial advice.
By taking the time to consider these points, it could make things easier for when you’re ready to start accessing your savings.