Getting ready for retirement

'A SIPP gave me lots of flexibility in terms of investment choice and income options at retirement.'Edward Simmonds, Fidelity customer

Retirement can be an exciting time - with more freedom to do what you enjoy. There’s more financial freedom nowadays too and we can help you to set up your retirement income in a way that will best meet your needs.

Ready to chat?

Talk to someone about your retirement options in more detail

We can help

Close to retirement but unsure about the options and pitfalls ahead? We can offer guidance and advice to help you find the best solution for your retirement.

Call us on 0800 368 6882, Monday to Friday, 9am - 5pm.

Pension Wise

The government’s Pension Wise service offers free, impartial guidance to help you understand your options at retirement. You can access the guidance online or over the telephone on 0800 138 3944.

Income options – the choice is yours

These are the three main ways you can withdraw your pension. But, remember, if you have a final salary pension scheme (defined benefits) these aren’t automatically accessible to you in the same way.

Be prepared

A good plan

Thoughtful planning can help you understand what your retirement goals are and how you can achieve them.

Multiple pensions

If you’ve ever changed jobs you may have more than one pension. A Fidelity SIPP, with its low cost and wide range of funds, is the ideal place to bring them all together.

The lifetime allowance

If the value of your pensions reaches £1.03 million, you could face unwelcome tax charges depending on how and when you access your pension pots.

Our retirement specialists can provide advice for a fee. Call us on 0800 368 6882, Monday to Friday, 9am - 5pm.

Final salary pensions

Providing an income for life, these pensions are usually worth hanging on to. But sometimes moving the savings into a personal pension can better meet your needs.

Your legacy

Hopefully you’ll have decades of happy retirement. But if you do want to leave something to your loved ones, after you die, you’ll need to plan to ensure there is money to leave, that it’s left to the people you intend and that the relevant tax pitfalls have been considered.

Drawdown with the Fidelity SIPP

If you want to go into drawdown then you can choose to do it with the Fidelity SIPP (Self-Invested Personal Pension).

  • You can take up to a quarter (25%) as a tax-free lump sum straight away or in stages.
  • You can choose how much to take and how often.
  • You can choose where to invest your pot.
  • Our low pricing has no hidden charges or fees, so you know exactly what you pay for and when you pay it.

If your pension is not already in the Fidelity SIPP, you will need to transfer it before you access income drawdown.

For more drawdown support download our pension drawdown guide.

Pension drawdown guide

Pension drawdown

Learn more about this flexible retirement income option with the pension drawdown guide.

Globes

Making the right investment choices

You’re likely to be in retirement for 20 years or more. So it’s important to invest your pension in a way that will help you achieve your retirement goals. You may be comfortable choosing your own investments or you may need support - either way, we can help. Please remember that investments can go down as well as up, so you could get back less than you invest.

Laptop on a desk

We can help

Close to retirement but unsure about how to make the most of it? We can offer guidance and advice to help you find the best solution for your retirement. And our flat-rate advice costs less than most leading pension providers.

Call us on 0800 368 6882, Monday to Friday, 9am - 5pm.

Get your money working harder by bringing your pensions together

Plus earn £20 to £1,000 cashback. Exclusions and T&Cs apply.

Please remember that the value of investments can fall as well as rise, so you may get back less than you invest. It’s important to understand that pension transfers are a complex area and may not be suitable for everyone. Before going ahead with a pension transfer, we strongly recommend that you undertake a full comparison of the charges, features, and services offered.

Remember, you won’t normally be able to access money invested in a SIPP until the age of 55.

Fidelity SIPP transfer factsheet

Thinking of transferring?

To find out what you should consider first, please read our Fidelity SIPP transfer guide.

The Fidelity customer quotes shown on this page have been provided by real Fidelity customers. In the interests of privacy names have been changed.