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Your options for cashing in your pension

8 articles

People will have much more flexibility when it comes to turning their pension fund into retirement income. Which? outlines what your options are.

What can I do with my pension pot?

Last updated: Jun 2021

Pension freedoms in 2015 fundamentally changed the rules for cashing in your pensions. Understand the pros and cons of the main pension options.

Pension calculator - how much money you'll have

Last updated: Jun 2021

Find out how much your pension fund is likely to total using our pension calculator.

Step-by-step guide to making your pension choice

Last updated: Apr 2020

Our pension experts have set out the steps you need to take in the countdown to deciding how to take your pension income. Click on each step for timings and more information.

Income option – take out income drawdown

Last updated: Jun 2021

Learn about the benefits of taking out income drawdown. See why the people in our case study went for this option.

Income option – arrange an annuity

Last updated: Jul 2021

Discover the pros and cons of arranging an annuity. Learn why the people in our case study went for this option.

Income option – take my entire pension fund at retirement

Last updated: Apr 2020

Find out about the issues involved in taking your whole pension fund in one go and the need for advice before choosing this option.

Income option – take lump sums from my pension

Last updated: Jun 2021

Identify the pros and cons of taking lump sums from your pension. See what people have been spending the withdrawn money on.

What if I've got a final salary pension?

Last updated: Apr 2020

Learn what the pension changes mean for you if you have a final salary pension plan and why you should seek advice before considering transferring out of your scheme.
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