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
956k

Customers

4.6

Out of 5 on Trustpilot

£2.8bn

Assets Under Administration

956k

Customers

4.6

Out of 5 on Trustpilot

£2.8bn

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
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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 (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. 8175 customer reviews

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

Michael Doyle

The company is polite and helpful it…

The company is polite and helpful it made me feel I can trust them thay informed me very step of the way of everything what was happening

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Sue Ninnis

Helpful friendly advice which is…

Helpful friendly advice which is understandable, unusual in the pension field! Thank you for all your help!

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Stephen Williams

Very simple to navigate and the staff…

Very simple to navigate and the staff then take care of everything. They keep you updated which is great.

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Nigel Smith

The pension transfer was quick and…

The pension transfer was quick and efficient with no apparent difficulties.

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GR

Good, takes a while

Good, takes a while to move the money.

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Mr G Cooper

A simple & efficient process to change…

A simple & efficient process to change pension providers. I was informed at every stage of the change.

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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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