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
538k

Customers

4.7

Out of 5 on Trustpilot

£2.0bn

Assets Under Administration

538k

Customers

4.7

Out of 5 on Trustpilot

£2.0bn

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
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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 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 (set to increase to 57 in 2028) 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. 5357 customer reviews

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

Sue Burford

I have seen the advert for pensionbee…

I have seen the advert for pensionbee often so decided to give it a go. It was so simple to set up and am very pleased with how things are going.

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Alan

Very easy and quick,

Very easy and quick,

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Jacqui

So far very happy with the service and…

So far very happy with the service and easy transfer. Nice to be able to see how my pension money is being invested.

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Ms Cameron

PensionBees Working for Me

Consolidating my pensions and arranging a Pension Plan is something I thought about then put off for years, thinking that it would require time and effort I didn't have. With PensionBee, I was done and dusted with my input in well less than an hour before PensionBee took things in hand. I only wish I had acted earlier.

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Kevin Dixon

Good and easy web site that helps you…

Good and easy web site that helps you plan your future . A little slow getting pensions across

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Customer

straightforward and stress-free

straightforward and stress-free

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
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