The Retiready Pension

Having a Retiready Pension offers a tax-efficient way of saving, with simplified investment choices, to help make retirement saving more straightforward.

Benefits of the Retiready pension

How a Retiready personal pension can help you:

  • You're in control of your pension
  • Guidance available when you need it with Aegon Assist
  • Simple investment choices
  • Clear charges
  • Tax relief on your contributions
    (For example, for every £80 you pay, tax relief boosts the amount invested to £100.)
  • Up to 25% tax free cash option when you retire
  • You can combine your pension pots with Retiready

Things to think about

  • The value of an investment can fall as well as rise and isn't guaranteed.
  • You can only access your pension once you turn 55.
  • Before taking benefits you should seek financial advice to make sure you fully understand whether it's in your best financial interests. You should consider shopping around to make sure you get the right solution - PensionWise is a free and impartial government service that helps you understand what you can do with your pension savings.
  • Although 25% of the cash lump sum is tax free, any balance is taxed as income which may put you in a higher tax bracket, especially if you take it all in the one tax year. Read How will you be taxed? to see more information on how this works.
  • The value of any tax relief depends on your individual circumstances.
  • The tax information provided on this page is based on our understanding of current tax law and HMRC practice - which may change.
  • Transferring your existing pension funds through Retiready is subject to terms and conditions.
  • You should be comfortable with the investment choices that you make as you may lose features, protections, guarantees or other benefits when you transfer. If you’re not sure, you should get financial advice - there may be a charge for this. A transfer for consolidation purposes is from one capital at risk pension product to another – so the value of your investments after any consolidation can still fall as well as rise and the final value of your consolidated pension pots may be less than paid in. Any new funds you move your money into will have their own set of risks that will be detailed in the fund information that will be available to you.

I must say that I have found Retiready to be especially user-friendly and well designed and I do not feel intimidated going into it and feel good about using it. For me it is a good reason for staying with Aegon. It is unusual for a financial services firm to be so user-friendly.

Peter Cook, Retiready customer

Retiready Pension additional information

Making payments

We're flexible. You can simply make one-off payments, monthly contributions and/or transfer funds in from another registered pension fund.

Charges

  • No set-up or transfer fee.
  • A maximum service charge of 0.5% a year depending on the value of your fund.
  • The investment charge depends on the fund you’re invested in. You can find out the investment charge for your fund on our fund factsheets.
  • 0.25% of any investment made goes into a cash facility within your Retiready Pension to cover the service charges. We'll pay interest on this amount.

These charges may vary in future.

Get your Retiready Pension today

Apply now for a personal pension