It’s likely that your income in retirement will come from a number of sources. Although you may have assets like Individual Savings Accounts (ISAs), or other investment plans, even property, the chances are the bulk of it will come from pensions.

See Explore different pensions article

If you have any defined benefit pensions, your income is triggered automatically when you reach the age set out by the scheme. You may have some choices on how your combination of tax free cash and income is paid to you. However, if you have a defined contribution pension you will need to decide what to do with your fund.

See What options do I have article

Your circumstances are unique. The right choice for you will depend not just on your personal situation but also your lifestyle and how you would like to spend your retirement.

See What impacts my choices article

It does. But you get to decide what you do with your retirement savings. However, from a practical point of view, the larger your pension, the more options you’ll have.

See Does pension size matter article

You only have to take the income you need from your pension, and if you don’t need to take any income, that’s fine too.

See Do I have to take an income article

It’s vital to understand your key retirement income options to find out what’s best for you. Remember it’s not an either/or choice. You can use any of these options in combination and, if necessary, make changes as your retirement progresses.

See Understand the details article

Life can take us in all sorts of directions. This might mean the age you had originally planned to retire no longer works for you. You may need or want to remain in work, or have new ventures to explore.

See What if I’m not ready to retire article