If you're at this stage of your retirement planning, it's likely you're 12 months or less from your selected retirement age and are looking to take your money. You've worked hard and have put some of the money you've earned into your pension - now's the time to make decisions to enable you to enjoy the next chapter of your life.
You should consider how and when you want to retire, so that means taking time to think about things like:
It's a really good idea to get guidance at this stage if you haven't already done so. Pension Wise is a free and impartial service backed by the government who will help you make sure that the decisions you're making are the right ones for you.
You're now deciding how to take your money. Here are a few things you should consider to help you with your planning.
You have the flexibility to decide when and how to use your savings.
It's important to ensure your pension pot is invested in a way that matches how you plan to take your money.
A free and impartial service backed by the government who will help you make sure that the decisions you're making are the right ones for you.