Choosing a retirement income option is a big decision so we recommend that you get guidance or advice to help you to understand your options.
Pension
Wise is a government service from MoneyHelper available to anyone over the age of 50. The service is free and provides impartial guidance appointments over the telephone to help you understand your options at retirement. It can offer
you:
- guidance on your pension options and how to make the best use of your pension pot
- information about tax when taking money from your pension pot
- tips on getting the best deal, including how to compare products, get financial advice and avoid scams
We recommend you visit Pension Wise to find out what the service offers and to begin to understand the options available to you. To book an appointment you can visit Pension Wise or call 0800 138 3944.
In addition, you should visit MoneyHelper to access their ‘Your pension: your choices’ guide and other useful retirement tools.