When you reach your Selected Retirement Age you can choose how you receive your benefits. The Retirement Option Modeller will help you compare each of these options.
To help you understand your options, the Government has set up a free and impartial service called Pension Wise.
This service is available free of charge to any members of the DC Section providing:
Guidance on your pension options and how to make the best use of your money
Information about tax when taking money from your pension; and
Tips on getting the best deal, including how to compare financial products, get financial advice and avoid pension scams.
You can visit the website at www.pensionwise.gov.uk or call 0800 138 3944 to book either a face-to-face or telephone appointment for specialist guidance on what you can do with your pension pot.