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
240k

Invested Customers

4.7

Out of 5 on Trustpilot

£4.9bn

Assets Under Administration

240k

Invested Customers

4.7

Out of 5 on Trustpilot

£4.9bn

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
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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 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.

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.

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 give you two 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.

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. 10,936 customer reviews

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

Kate Evans

I'm really happy with pension bee

I'm really happy with pension bee. Excellent idea to have my pensions in one App. I can add to my pension.

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Tony Paul

Very easy to use and got all my old…

Very easy to use and got all my old pensions into one pot like they said. Very happy!

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Mr David Haywood

I'm so pleased with pension bee the way…

I'm so pleased with pension bee the way they transferred my old pension into Pension Bee. It was no fuss for me and they did all the ground work. The communication with them is very simple to understand and they keep you updated all the time. The app is easy to use and as loads of info on it.

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Luke W

Had a great experience getting my…

Had a great experience getting my pension from a previous employer transferred over to PensionBee.

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James

Fantastic service and very pleased with…

Fantastic service and very pleased with how you dealt with all my pensions and take the difficulty out of it just been waiting nearly 8 weeks for my pension to be transferred so think it might be the other end not necessarily your end but we will wait and see

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Sam

Very easy from start to finish

Very easy from start to finish. Kept informed throughout the process and was completed in a timely manner. The app is intuitive and informative.

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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 a few minutes to sign up.

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