Plan your retirement income

Pension Wise is a service from MoneyHelper, backed by government. We offer free, impartial guidance to over 50s. We’ll explain the options to take money from your defined contribution pension pots.

Explore your pension options

If you have a UK based defined contribution (personal or workplace) pension you choose how to take your money.

You can use this service to find out about:

• the options for taking your pension money
• how each option is taxed
• next steps to take
• questions to ask your provider.

How it works

1. You’ll get a brief summary of the six options for taking a defined contribution pension.
2. Select the ones you’re most interested in for more detailed information.
3. You can then choose extra information, for example, how your pension is taxed.
4. Print or download your summary.