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Knowing your income options at retirement

You have more choice and flexibility in how you set up your retirement income than ever before.

There are three main ways you can access your pension:

Drawdown with our SIPP

With Fidelity's Self-Invested Personal Pension (SIPP) you can drawdown the income you want from your pension, whenever you want it.

Drawdown with our SIPP
  • No SIPP set up or transfer in fees.
  • No annual fees for drawdown or withdrawal charges.
  • Low cost annual service fee of just 0.35%. Ongoing fund charges apply.
  • Wide investment choice and support from our retirement specialists.
  • Your own relationship manager and lower service fee of just 0.2% (ongoing fund charges apply) if you invest over £250,000 with us.
  • Plus! We’ll reimburse you up to £500 if your current provider charges exit fees ( T&Cs apply).

The value of investments and the income from them can go down as well as up so you may get back less than you invest. Withdrawals from a pension product will not normally be possible until you reach age 55.

How we can help

Call us

Fidelity's retirement service can provide free of charge guidance around your retirement income options. Or we can offer paid-for personalised advice on a low-cost, fixed-fee basis. We’re available Monday to Friday 9am to 5pm.

Call us on 0800 368 6888

Pension Wise

We also recommend the Government's Pension Wise service which offers free impartial guidance to help you understand your options at retirement. You can access the guidance online at: or call them on 0800 138 3944.

This information is not a personal recommendation for any particular product, service or course of action. Pension and retirement planning can be complex, so if you are unsure about the suitability of a pension investment, retirement service or any action you need to take, please contact Fidelity’s Retirement Service on 0800 368 6888 or refer to an authorised financial adviser.