We recommend you take guidance from Pension Wise
From 1 June 2022, except in certain circumstances, if you apply to take or transfer “flexible benefits” (broadly, these are DC benefits) in the Plan or contact us in relation to such an application, you will need to seek Pension Wise Guidance or opt out of taking this Guidance before we can proceed with any application to access or transfer your benefits. Therefore, if you intend to take or transfer your DC benefits we strongly recommend that you book a Guidance appointment as soon as possible. Alternatively, we can book an appointment for you in due course.
Pension Wise is a free and impartial government service to help you understand what you can do with your pension money. They offer telephone or face-to-face appointments with highly trained professionals.
You'll get:
- guidance on how to make the best use of your money (they won't give a recommendation)
- information about tax when taking money from your pension
- tips on getting the best deal including how to compare products, get financial advice and avoid scams