Can I take my pension as a full lump sum?

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Taking your pension savings as a full lump sum is an option for many people. While this may seem appealing, it's important to understand the specific options available to you, for your pension plan, and the impact of taking a full lump sum.

Your Retirement Planner(Opens new window) will give you more information about taking a full lump sum to help you decide how to take your pension benefits. If you're unsure, we strongly recommend you seek guidance or advice before taking a full lump sum payment. There may be a charge for this. 

If you don't have an adviser, free and impartial advice is available from the Money Advice Service, or Pension Wise.