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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
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
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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 - 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. 12,165 customer reviews

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

Simon Gilhooly

very easy

very easy, wish i'd done this sooner!

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Tina Hurley

Professional service received overall.

Professional service received overall.

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Daniel

Very easy to combine pensions and very…

Very easy to combine pensions and very good customer service

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Mike

Great Support & Service

From the beginning, they have been fantastic, and they are still working hard to gather all my pensions together. Great company.

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Martyn

Not needed my Beekeeper yet

Still in the process of transferring funds but they have offered all the advice they can withing the FCA regulations. Clear communications and emails advising of "next steps". Not had to use my "beekeeper" yet but I'm sure the process will be seamless.

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Knshgn

Good Experience

Transferred my pension quickly and easily without hassle.

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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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