Can you explain what options I have when I retire?17 July 2020
With more choice than ever before, we understand that choosing the right retirement option for you can be daunting and we strongly recommend you get guidance or advice to help with your decision.
Pension Wise is a free and impartial government service which can give you guidance to help you understand your options at retirement. The service is available online, phone or face-to-face. You can contact them at pensionwise.gov.uk(Opens new window)(Opens new window) or on 0800 138 3944.
We're here to help too. We've created Your Retirement Planner(Opens new window)(Opens new window) which has information and tools to explain and let you explore your options in an easy to understand way. You can also find the forms you need in the Make it happen section. This isn't a financial advice service and we recommend you seek guidance or advice to help you understand your options at retirement. There may be a charge for this. If you don't have a financial adviser, the Money Advice Service can help you find one.
It's important you shop around to get the best deal for you. Depending on your age and personal circumstances, another provider may be better suited to your needs and you may get a higher retirement income.