Pension withdrawal

Access your pension online, from the age of 55

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Phones with withdrawal feature on app
Phones with withdrawal feature on app
Phones with withdrawal feature on app
476k

Customers

4.7

Out of 5 on Trustpilot

£1.65bn

Assets Under Administration

476k

Customers

4.7

Out of 5 on Trustpilot

£1.65bn

Assets Under Administration

When the time comes to start withdrawing your pension it should be simple and stress-free. Here’s how PensionBee makes it easy.

PensionBee mobile phone
number one

Combine your old pensions online

Firstly, we’ll help you take control of your old pensions by switching them into a brand new PensionBee plan, managed by one of the world's biggest money managers for one fair annual fee - which decreases on pots over £100,000.

You get one simple pension, so managing your money is much easier, as you’ll no longer need to update all of your providers every time you make a withdrawal. Keeping track of your tax limits, like the lifetime allowance and the money purchase annual allowance, will also be simpler.

Mobile plan
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Pick a plan to suit your retirement needs

Ready to start withdrawing your pension? Then it's important to ensure that you're in a plan that matches your retirement objectives.

You can make withdrawals from all of our plans but we offer three designed specifically for retirement - Tracker, 4Plus and Preserve.

Legal & General
number three

Start withdrawing flexibly with PensionBee, or purchase an annuity

As soon as you reach the age of 55 we’ll give you two simple ways to withdraw money from your pension. You can either take your pension flexibly online through PensionBee drawdown, or you can buy a pension annuity through our partner, Legal & General.

Tools to help you plan your retirement

We understand that choosing how and when you take your pension is a big decision. That’s why we’ve created articles, video explainers and a drawdown calculator to help you shape the retirement you want. And as always, our UK-based team is also on hand, if you have any questions.

See what our customers are saying about PensionBee

We put our customers at the heart of everything we do. Watch them explain what they like most about PensionBee, read our interviews, and take a look at some of our latest Trustpilot reviews.

Excellent. 4358 customer reviews

3%
1 star
2%
2 stars
3%
3 stars
11%
4 stars
81%
5 stars

terry P

No fuss transfer, couldn’t ask for more

No fuss transfer - moved my pension from RPMI ( ex railway ) to enable me to use drawdown facility when needed - always someone available on the phone - I signed a few forms pension bee and RPMI did the rest , easy- emails took a few days to be answered ( but that’s more to do with the current covid situation ) transfer completed well within timeframe ( thanks also to RPMI for that ) couldn’t ask for more from either Pension Bee or RPMI .

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Jordan McKeown

PensionBee Review

Easy to use, simple to set up, and very supportive.

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Jay Booth

Excellent service,

Excellent service, Very easy to use, app is very good

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Christopher Tomlinson

They are doing what I want them to do.

They are doing what I want them to do.

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David Bainbridge

Very helpful so far thank you 😊

Very helpful so far thank you 😊

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Alison

Easy to transfer pension over and…

Easy to transfer pension over and simple to set up further contributions from bank account. Would definitely recommend!

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Put your pension in the palm of your hand

Transfer your old pensions into a new online plan. It takes just 5 minutes to sign up.

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Mobile PensionBee analytics chart
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