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
395k

Customers

4.7

Out of 5 on Trustpilot

57s

Average call answer time

395k

Customers

4.7

Out of 5 on Trustpilot

57s

Average call answer time

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
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 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 your 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. 3330 customer reviews

3%
1 star
2%
2 stars
3%
3 stars
10%
4 stars
82%
5 stars

Rudolf

Transfer of my other pensions in to…

Transfer of my other pensions in to Pension Bee was easy and pretty quick. Good service so far. Excellent result. Thank you.

See review

John Benson

Fast simple and gives you full and easy…

Fast simple and gives you full and easy visibility of your pension

See review

Nurudin

Love the service

Unlike other pension accounts PensionBee really make you feel valued and keep you informed. Regular communication from your Beehive manager - they have taken it to the next level!

See review

Johny

Very happy with their services

Very happy with their services

See review

John

Halfway through the transfer process, no problems

Halfway through the transfer of 4 pensions. So far so good. Good communication - keeping me informed throughout the transfer process. Excellent app and website.

See review

Mr King

Would highly recommend to anyone wanting to digitise their pension portfolio

I've never transferred a pension before, and PensionBee made it so simple and easy. Two of my four transfers have happened within 3 weeks, with the remaining two well underway. Having a personal "Beekeeper" that's an actual human is beyond compare, meaning any issues can be ironed out very easily without diving through endless forms. Would highly recommend to anyone wanting to digitise their pension portfolio.

See review

Join the UK's leading online pension provider

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