Pension withdrawal

Our Pension Withdrawal section is the perfect place to start planning your retirement. Discover more about drawdown and the important tax facts, including how the pension lifetime allowance and money purchase annual allowance work.

PENSION WITHDRAWAL BASICS

What is income drawdown?

Discover what income drawdown is and how you can use it to access your pension from the age of 55. Learn how income drawdown from PensionBee works.

When can I claim my pension?

Discover the different rules for claiming your workplace, personal and State Pension.

How to withdraw money from a pension fund

Find out how to access your pension and how the withdrawal process works.

Can I cash in my pension?

Find out the rules for accessing your state, personal and workplace pensions including how old you need to be and the most common withdrawal methods.

Pension lifetime allowance

Unsure what the lifetime allowance is? Discover what the current legislation is how it can impact on your pension saving.


THE PENSION WITHDRAWAL RULES

Taking an early pension

If you want to take an early pension here are a few things you'll need to consider.

Income drawdown charges

Find out what drawdown fees your pension provider may charge you when you access your pension, including administration and withdrawal fees.

How does pension drawdown tax work?

Find out what drawdown fees your pension provider may charge you when you access your pension, including administration and withdrawal fees.

Early pension release rules

Find out what early pension release is and the rules and consequences of withdrawing money from your pension before the age of 55.

Money purchase annual allowance

Unsure what the money purchase annual allowance (MPAA) is? Find out how it can impact on your pension contributions.


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