Pension withdrawal

Access your pension online, from the age of 55

fscs logo
Phones with withdrawal feature on app
Phones with withdrawal feature on app
Phones with withdrawal feature on app
175k+

Customers

4.5

Out of 5 on Trustpilot

£3.0bn

Assets Under Administration

175k+

Customers

4.5

Out of 5 on Trustpilot

£3.0bn

Assets Under Administration

When the time comes to start withdrawing your pension it should be simple and stress-free. Here’s how PensionBee can help make 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 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, should also be simpler.

Mobile plan
number 2

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 (set to increase to 57 in 2028) we’ll give you two 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.

Watch our Pensions 101 videos

Find out the benefits of accessing your pension gradually via drawdown and buying an annuity which provides a guaranteed income for the rest of your life or for a fixed number of years. Learn how these two products compare on flexibility, inheritance and tax.

Excellent. 8492 customer reviews

4%
1 star
2%
2 stars
3%
3 stars
10%
4 stars
81%
5 stars

Sandra Hargreaves

Very smooth transfer and I feel I have…

Very smooth transfer and I feel I have someone to talk to if any queries. Its good to easily see my funds.

See review

Customer

Simple and Easy Process

Simple and user friendly process to start transferring your old pension(s) into your new PensionBee pension. Progress of your transfer(s) is then regularly updated on the app right up to the point of the funds being formally transferred over.

See review

Jordan

Very quick responses very helpful

Very quick responses very helpful

See review

The Hair studio

Amazing and efficient

Very efficient a day easy to understand

See review

Philip Copley

The simplicity of transferring without…

The simplicity of transferring without the paperwork and over regulation. Choice of funds to suite risk profile and low charges.

See review

Emma Duplock

It was easy to transfer my money transfer

It was easy to transfer my money

See review

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.

Mobile PensionBee analytics chart Mobile PensionBee analytics chart
Mobile PensionBee analytics chart
Apple Store logo Google Store logo