You're on the United Kingdom website. Switch to the US website here.

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
286k

Invested Customers

4.6

Out of 5 on Trustpilot

£6.3bn

Assets Under Administration

286k

Invested Customers

4.6

Out of 5 on Trustpilot

£6.3bn

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 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 your tax-free lump sum allowances and the annual allowance for pension contributions, should also be simpler.

4Plus 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 - 4Plus, Tracker and Preserve.

Tax free cash and withdrawals screen
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 provide you with two options to access your pension funds. You can take your pension flexibly online with the option for withdrawals through PensionBee drawdown. Or you can choose to purchase 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. 12,199 customer reviews

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

Rob B

it was so easy and strait forward to…

it was so easy and strait forward to set up my drawdown pension. They explained everything in simple terms and processed the transfer quickly.

See review

Diesels Dad

Pensionbee is a great idea

Pensionbee is a great idea. They really help to simplify pensions. I originally used them to consolidate multiple pensions and it was easy to do online plus their allocated Bee Keeper helped chase things through. Once consolidated the app is easy to use and intuitive. The only reason I chose to move is the limited selection of proprietary funds which are great if you want simplicity but you sacrifice a little control for that.

See review

Paul Phillips

NEST(1/10)...CUSHION (5/10)...BEE(10/10)

I had a company pension with NEST and another with CUSHION. The company I worked for at the time was having issues, ending in redundancy. During that time I was trying to move my NEST balance to CUSHION but NEST was being super difficult. Not really CUSHIONS fault but I didn't want to have any connection with the old company so I opened a BEE pension. Straight away they were onto getting the 2 pensions transferred and keeping me upto date on what was happening. NEST has finally decided to transfer the pension (9 months waiting!). So although I've had the BEE pension about 4 months there really hasn't been any funds to process, but it didn't stop BEE pursuing the issue or informing me. I look forward to a better working relationship in the years to come with BEE.

See review

John James

I found this a very easy experience…

I found this a very easy experience from the off. Made my life much easier and for that I am very grateful

See review

Andreea

Amazing experience and very quick…

Amazing experience and very quick process!

See review

Ann-Marie Hooper

Process was straightforward

Process was straightforward

See review

Put your pension in the palm of your hand

Transfer your old pensions into a new online plan. It takes just a few minutes to sign up.

Mobile PensionBee analytics chart Mobile PensionBee analytics chart
Mobile PensionBee analytics chart
Apple Store logo Google Store logo