Skip to main content
IBM_Icons__Choice

If your plans change

There are many reasons why someone’s retirement plans can change:

  • Maybe you’re not quite ready.
  • Perhaps you want to keep working and paying into your pension plan or you have other income you can rely on for a few years instead.
  • Or maybe you don’t feel that you are in the right financial or personal position to take your money. 

Whatever your reasons, if you decide that it’s not the right time, you can change your selected retirement age.

Changing your selected retirement age

You can adjust your selected retirement age to bring it in line with your new plans – whatever is right for you. The earliest you can choose is your 55th birthday. You can make this change through ‘Manage Your Account’.

Important information if you're invested in a Lifecycle strategy

Changing your retirement age could result in an automatic change to your investments.

If you invest in a Lifecyle strategy, your pension savings and contributions may need to be moved into a different mix of funds in that profile to make sure your investments target your new retirement date.

We'll do this automatically and send you confirmation of the changes once they're complete. You can review and change your investments online at any time.

Changing where your pension savings are invested

If your plans or circumstances have changed, you may want to consider whether the way in which your pension savings are invested, or your target retirement age is still right for you. Your investment range will show you the range of freestyle funds and lifecycle strategies you have available.

Investing as you approach retirement

It's important to ensure your pension pot is invested in a way that matches how you plan to take your money.

Get in touch

If you have any questions and want to talk to us about your pension plan, get in touch.

Your options for taking your money

You have the flexibility to decide when and how to use your savings.