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
476k

Customers

4.7

Out of 5 on Trustpilot

£1.65bn

Assets Under Administration

476k

Customers

4.7

Out of 5 on Trustpilot

£1.65bn

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. 4785 customer reviews

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

Jayne Sweeney

I have found the process of…very easy

I have found the process of transferring pensions extremely ‘pain free’. Once you give all the information of your pensions to be moved you have a bee keeper that sorts everything out for you. Any questions I have had have been answered quickly and efficiently.

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CG, Southern England

Super simple and efficient

Super simple service and I feel that my loose pensions that have been straggling around for years are now in one place, easily visible to me and being managed by a trusted provider, so far with good returns. Definitely recommend!

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Rashedul Hassan

Simple, easy to use. Constant visibility of your pension

Really like the concept and makes me have more control of my pension.

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Bryony Wildblood

Simple and streamlined!

PensionBee has been incredibly simple and streamlined to use, very impressed with their efficiency and communication.

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Kimberley

I would highly recommend PensionBee

I would highly recommend PensionBee, they make the process of moving your pensions so easy. The online platform is amazing, super easy to use and no paperwork! It’s great to know all my previous pension pots are all in one place, which makes them so much easier to manage and monitor. The service is great and they keep you updated every step of the way when transferring your pension in.

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Steven Bartlett

Pension

Very good very quick very helpful when phoning them

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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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