Your pension income options

How you can access your money

If you don't need any money from your pension you can leave it all invested as it is. Alternatively, if you do want to access your pension pot then there are a number of ways you can do this.

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.

Helping you choose

Calculate tax on withdrawals

Understand how much tax you might have to pay on the money you take from your pension. This will also help you understand how taking cash out of your pension savings now could affect your future retirement income.

Estimate your income

See what sort of income you could receive from annuities, drawdown or a combination of the two.

Drawdown with our SIPP

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

You can choose where to invest your pot from a wide range of investment options and 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.

Bring your pensions together

If you’ve built up a number of pension pots over the course of your working life, bringing your pension plans together into the Fidelity Self-Invested Personal Pension (SIPP) could make them easier to manage.

Not to mention helping you keep an eye on costs and giving you access to a wealth of Fidelity guidance.

You can even track your transfer online, with the status of each request at your fingertips.

Make life easier by bringing your pensions together

Combining your pensions into a Self-Invested Personal Pension (SIPP) can make it easier to manage your savings - and it could be cheaper, with lower fees than you’re currently paying.

Find the best pension provider

It’s important to talk to different pension providers.

Here are some questions you should ask any company that you’re considering opening a pension with:

  • What are the fees and charges? These can have a big impact on your retirement savings over time.
    These should include:
    • Fees and charges for your investments (these will vary by provider)
    • Transaction charges (for example, drawdown charges if you want to start or amend your income)
  • What are the options for access? Some providers do not offer all the retirement options under the pension freedoms
  • What support is available for your choice of investments? You may benefit from changing your investment approach from time to time.
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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.

The value of investments can go down as well as up, so you may get back less than you invest. You will not normally be able to withdraw money from a pension until you reach age 55.