Explore our Pensions Explained centre
Pension withdrawal
Access your pension online, from the age of 55
When the time comes to start withdrawing your pension it should be simple and stress-free. Here’s how PensionBee makes it easy.
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.
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.
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.
More about drawdown
More on buying an annuity
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. 4785 customer reviews
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.