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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
275k

Invested Customers

4.6

Out of 5 on Trustpilot

£6bn

Assets Under Administration

275k

Invested Customers

4.6

Out of 5 on Trustpilot

£6bn

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.

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
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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 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. 12,024 customer reviews

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

Consumer

Simplicity

I was recommended by my son in law ( he’s younger and more versed with these things) and the simplicity in switching to Bee was very appealing… just gonna see the results from here on in

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CJ

All good so far

All good so far. Transfers have been really easy and any problems have been resolved quickly. Customer service excellent.

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Richard Winterbottom

Great fast transfer from existing…

Great fast transfer from existing Pension Very fast & helpful Customer care !! Top Marks

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Anthony

Pensions

Easy to use with few details needed Many thanks

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MSJAMIEQUY

Everything was easy to understand.

Everything was easy to understand.. was told about this pension through a trusted college.. so glad I took out this..

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Ian Walsh

Excellent fuss free very helpful and…

Excellent fuss free very helpful and easy transaction

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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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