Investment decisions leading up to retirement
If you’re less than 12 months away from your selected retirement age, you’ll probably already know how you intend to take your money and, hopefully, your pension savings will be invested accordingly.
However, if you haven’t given this much thought, you need to ask yourself two important questions:
Is my selected retirement age still right for me?
If you think you may not be able - or want - to take your money at your selected retirement age, you have the option to delay taking it.
See If your plans change for more information.
Do my current investments reflect the way I intend to take my money?
Assuming you still intend to take your money at your selected retirement age, you can choose to take it as:
- Cash
- A guaranteed income (an annuity)
- Flexible income (drawdown)
- Any combination of the options above
So, it’s important, if you haven’t already done so, to ensure your pension savings are invested in a way that matches how you plan to take your money.
We have a range of self-select funds and lifestyle options that can help you to do this.
For more information about the things you’ll need to think about please go to Investing as you approach retirement.
Please note Legal & General or the Trustee cannot provide financial advice. If you want help to make your own investment choices, you should speak to a financial adviser. You can find one in your local area at unbiased.co.uk. Financial advisers usually charge a fee for their services, but it will be personal to you and your circumstances.
