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Your pension income options

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.

Work out what you have

There are lots of different places where you might get an income for your retirement. You’ll need to know what they are and how much you have so you can plan ahead effectively. Here's a list to help you:

Flexible retirement income (pension drawdown)
Taking lump sums (UFPLS)
Guaranteed income for life (annuity)

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.

Fidelity’s retirement service

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 call on 0800 138 3944.

www.pensionwise.gov.uk

Helping you choose

Pension drawdown calculator

Understand how much income you could take and how long your pension might last at that rate.

Estimate your income

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

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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.

Explore pension transfers

Pension drawdown

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

Download the pension drawdown guide
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Please remember that 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.