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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
260k

Invested Customers

4.7

Out of 5 on Trustpilot

£5.5bn

Assets Under Administration

260k

Invested Customers

4.7

Out of 5 on Trustpilot

£5.5bn

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
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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. 11,433 customer reviews

4%
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5 stars

Lee Morris

Great customer service

I dealt with Charlotte who offered excellent customer service. Would highly recommend her.

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Max Doe

Highly recommend

Been using Pensionbee for over a year. Easy to use, fees are clear (nothings hidden) and rates are competitive compared to other providers. Really interesting information and podcasts making it easier to understand how pensions work and whats best for me.

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David

Generally very good service.

I'm a new member. So far, the company has been excellent in responding quickly and clearly to my queries. It did a good job of transferring funds into my PensionBee account. I look forward to more good cooperation in future. I'd have voted 5-star, but one star has been removed for the company can't seem to use my given name Norman, but instead seems bound to call me by my first name, David. I find this a bit irritating.

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customer

Highly Recommend

Your company supported me with each step of the way. I would highly recommend your company to friends and family.

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Carlos Von Stein

Very straightforward to use

I have found PensionBee to be very straightforward to use. They transferred my M&G/Prudential pension funds straight away and I was kept fully informed of the process. My only gripe was the proof of ID procedure but I guess this is needed for extra security. Highly Recommended!

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Beverley

Pension Bee was so easy to use and…

Pension Bee was so easy to use and understand. The app made things really simple to follow, anytime, anyway without waiting for a statement.

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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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