• Retirement
The value of your investment can go down as well as up and you may get back less than you paid in. Laws and tax rules may change in the future. Your own circumstances and where you live in the UK also have an impact on tax treatment.

Retirement planning explained

Need help understanding what retirement means for you and how to get the most out of your savings? Our guides, tools and services are designed to help you understand what you need to think about and get help making the big decisions.

Hot topics

Ask the experts

Not sure where to begin? Join a retirement webinar for answers to all the big questions.
Register now
Hot topics

Ask the experts

Not sure where to begin? Join a retirement webinar for answers to all the big questions.
Register now
clock

Retiring soon?

Our retirement advisers will help you make the most of your money - and your future.
Get help with retirement
clock

Retiring soon?

Our retirement advisers will help you make the most of your money - and your future.
Get help with retirement

Retirement guides

How much money will you need to retire on comfortably? How can you take your pension money when you retire? We have lots of information to help you plan ahead for when you choose to stop working.

  • Acorn

    Saving for retirement

    Find out why saving more now can make a big difference when you come to retire. This guide has tips and information that can help.

    Read the guide
  • Flexible

    Ways to take your pension

    You have options when it comes to taking money from your pension. This guide can help you compare your income options to help you decide.

    See your options
  • coins

    Tax in retirement

    After years of building up your retirement savings you don’t want to lose more of it to tax than you have to. Find out how to be tax smart here.

    Learn about tax
View all retirement guides

Your retirement income options

One of the big things to think about before retiring is how much money you will need to fund your lifestyle and how to set up that income. We have guides and tools to help you understand your options.

Our guides can help you compare the different ways you can take your pension savings. We also explain how Equity Release could help give you more income after you retire.

lightbulb

Find out your retirement income in 5 mins

Get your retirement income report and let us help you put a plan in place.

Start by telling us your age:

Continue

Ways to take an income from your pension

There are a few ways to take your pension money. Our guides have the information that can help you choose the option that works best for you.

  • Male cyclist and his black labrador outdoors

    Guaranteed income

    Also known as an annuity. Find out how you could use your pension money to buy a regular, guaranteed income that lasts for the rest of your life.

    More about annuities
  • Three women chatting after swimming outdoors

    Flexible drawdown

    Want to take money from your pension when you like and keep the rest invested? Find out how drawdown can help if you want to take pension money at your own pace.

    Read about drawdown
  • Three women having fun riding segways

    Take it all as cash

    You can usually take your pension as cash at 55. Find out how it works and the main things to watch out for, such as running out of money and more.

    Learn about taking cash

Retirement tools

We have a range of tools and calculators to help you prepare for retirement. They’re quick, easy to use and can give you useful information.

  • Calculator

    Retirement calculator

    Our quick calculator can help you see what your income options mean for the money saved in your pension.

    Try the calculator
  • scales

    Retirement income options

    We can help you compare your retirement income options quickly and at a glance. Give it a try to see what could be right for you

    See your options
  • Acorn

    Retirement costs tool

    Do you know what your ideal lifestyle will cost after retirement? This quick and easy tool can work out an annual cost in just a few clicks.

    Work out your costs

Equity Release

You could be able to release tax-free cash from your home to help pay for life in retirement. Find out how Equity Release works in these helpful guides.

Equity Release may involve a lifetime mortgage which is secured against your property or a home reversion plan.

  • Grandfather with his grandson on his shoulders outdoors

    Getting started

    New to Equity Release? This page has all of our guides and Equity Release options in one place to help you get started.

    Get started
  • Equity release

    What is Equity Release?

    Learn about the basics of Equity Release in our quick guide. Get an introduction to the different types of plan you could choose.

    Read the guide
  • Calculator

    Equity Release calculator

    Find out if you can use Equity Release and how much you could unlock from your home with our quick calculator.

    Use the calculator
signpost

More about pensions and retirement

No matter where you are in your retirement planning, we have plenty of information that can help you get prepared.

  • Three women chatting after swimming outdoors

    Pension guides

    Find out more about how your pension works, how it can help you save for retirement and more in our guides.

    Read about pensions
  • Father and daughter playing outdoors with bouncy ball

    Investment guides

    As your pension is an investment, find out what this means for your retirement savings

    Read about investments
  • Mother helping son get ready to leave for school

    MoneyPlus

    Get regular retirement guides, market news and detailed analysis from the MoneyPlus team of experts.

    Read MoneyPlus