If you’re at this stage of your retirement planning, it’s likely you’re 12 months or less from your Target Retirement Age and are looking to take your money.
You should consider how and when you want to retire, so that means taking time to think about things like:
- How much money will you have?
- How long will it need to last?
- Is your Target Retirement Age right for you?
- What are your options?
- What your life will look like in retirement – how will you spend your time? Does your chosen retirement option work in line with your plans?
It’s a really good idea to get advice at this stage if you haven’t already done so. Pension Wise is a government service from MoneyHelper that offers free, impartial guidance about your defined contribution pension options.
Planning your retirement
You’re now deciding how to take your money. Here are a few things you should consider to help you with your planning.
Investment decisions at retirement
It’s important to ensure your Lifestyle Account is invested in a way that matches how you plan to take your money.
Your options from age 55
You have the flexibility to decide when and how to use your Lifestyle Account.
A government service from MoneyHelper that offers free, impartial guidance about your defined contribution pension options.