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Investing in retirement

Whenever you’re planning to retire, you’ll want to know that your hard-earned savings will take care of all your needs once you give up work. To help you get your thoughts together, here are some tips and ideas on how you can invest in retirement to make the most of your pension pot using drawdown.

Important information - 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. You cannot normally access money in a pension until age 55 (57 from 2028).  

Getting started

After saving hard over the course of your working life, you’ll want to make the most of your pension pot. Using the tabs above, we'll help you understand how you could achieve a sustainable income, using your investments, that sees you through your retirement.

There’s a lot to consider. First of all, you'll need to assess your current situation and ask yourself some questions:

  • What does your retirement look like? - review your aims and ambitions for retirement. How much you have saved, your age and the market conditions at the time you start drawing an income will all influence your lifestyle and the ways you generate an income.
  • How will inflation and your withdrawals affect your pension pot? - inflation could reduce the purchasing power of your money over time, so you need to think about how you manage your money to protect the value of your savings. You’ll also need to consider how much money you take from your pension pot and how this might affect how long your pension pot lasts.
  • How will you invest your remaining pension? - drawdown involves keeping some of your pension pot invested in your retirement. Choosing the right approach will depend on a range of factors. We’ve outlined some potential strategies and how they can help you achieve your retirement goals.
  • What investment choices will you make? - you’ll want to choose investment options that will help you achieve your goals and income requirements. We have a range of tools to help you choose investments for your retirement. 

If you'd prefer some advice

If you need extra support in planning your retirement, our retirement specialists can talk you through everything you need to consider for the years ahead. If you’re thinking about getting advice this could save you money in the long term and give you peace of mind about critical decisions in retirement. We offer advice on income options and pension transfers, taking pension regulations, allowances and tax implications into consideration. Or, of course, you could speak to an authorised financial adviser of your choice.

Find out about our retirement advice

Important information - tax treatment depends on individual circumstances and all tax rules may change in the future. This information is not a personal recommendation for any particular investment. 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 6882 or refer to an authorised financial adviser of your choice.