Your journey to retirement

Understanding your options is easier than you might think

It might be a little way off, but the earlier you start thinking about your retirement, the better prepared you’ll be – and we can help. As long as you have an idea of when you want to access your money, planning for it is easier than you might think.

Take five and see how your pension pot is shaping up

No one can know for certain what’s going to happen in 5, 10 or 20 years, but understanding how much your pension pot could be worth and what that could mean for you in retirement is really important.

Our handy online tools(Opens new window)(Opens new window)(Opens new window)(Opens new window)(Opens new window) can help you see what your retirement options are, and how much yearly income your pension could give you.

Having all your money in one place could mean you're clearer about your financial position. You can find out more about consolidating with Aegon and whether pulling your pension pots together is right for you.

Consolidating a pension may not be the best option for you. You may lose features, protections, guarantees or other benefits - so make sure you compare products before consolidating. It's up to you to decide if this is the right decision for you. If you're not sure, speak to a financial adviser - there may be a charge for this.

Check if your investments are in the right place

How much you have to live on at retirement doesn’t just depend on how much money you save. It’s important to make sure you’re in the right funds too – and this could change over time.

The introduction of pension freedoms means you have more choice than ever on how you take an income in retirement. If you choose to stay invested it’s still important to make sure you’re in the right funds.

We offer investment options designed to help you towards the retirement income you need.

For Retiready customers you can find out about your investment solutions here(Opens new window).

Know where you’re headed when it comes to retirement

“Tax-free lump sums, flexible drawdowns and annuities.”

All phrases you hear a lot when people talk about pensions – but most people aren’t sure exactly what they are, let alone which might be right for them.

Even if retirement’s a little way off, it’s important to know what your options are. Pension Wise, a service from MoneyHelper, is a free and impartial government service offering guidance about your retirement options. This service is available online at MoneyHelper, by phone on 0800 138 3944, or face to face by appointment.

If you’d like to know what the options with your Aegon pension are – we’re here to help(Opens new window)

The value of an investment can fall as well as rise and isn’t guaranteed. The final value of your pension pot when you come to take benefits may be less than has been paid in.

Got a question? Our specialists are all ears

No matter how much time you spend planning your retirement, you’re bound to have a few questions. The good news is that, as an Aegon customer, Aegon Assist is on hand to help too.

A free, friendly, UK-based team of trained specialists who can help guide you through the decision-making process, Aegon Assist help you make your own choices about your retirement savings.

We can offer you guidance – you need to contact a financial adviser for advice and there may be a charge for this.