Pension withdrawal

Access your pension online, from the age of 55 (57 from 2028).

Phones with withdrawal feature on app
Phones with withdrawal feature on app
Phones with withdrawal feature on app
229k

Invested Customers

4.6

Out of 5 on Trustpilot

£4.4bn

Assets Under Administration

229k

Invested Customers

4.6

Out of 5 on Trustpilot

£4.4bn

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
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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 simple annual fee - you’ll pay between 0.50% and 0.95% depending on the plan you choose, and we'll halve the fee on the portion of your savings 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
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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.

Tax free cash and withdrawals screen
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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 how you can access your pension including how to withdraw gradually via drawdown and buying an annuity. Learn more about your options and find out how you can use these different methods together.

Excellent. 10,216 customer reviews

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

Colin Livingstone

Simple to transfer a pension

Simple process to transfer a pension in and straightforward to request a withdrawal. All information is clear and communication is prompt and concise.

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TONY KNOX

Great customer service

Great customer service, always available to provide you with answers to any questions very quickly. Smooth process, thank you guys 😉👍

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Mikulas

Awesome

I’ve been working for multiple companies throughout many years and having options to join all my pension and contribute whenever it suits me is just great. 100% recommend PensionBee to anybody who doesn’t have long term benefits in his company or is with one company for many years.

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Hannah

Loving it

Super clear and simple to use, good communication from PensionBee and easy to contact when needed. The apps great too. Never felt more in control of my pension.

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Mr Leon Walker

Good company and a great service

Had multiple different pension which I have been putting off doing anything about for years. Tried pension bee and was amazed how quickly and efficiently they sorted everything out. Would highly recommend

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David Gray

Pensions made easy

Pensions made easy , everything explained well and great service

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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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