Discover the different options for turning your pension into an income in retirement. Explore annuities, drawdown and mixed strategies to find what works for you.

In the UK, you can continue to work while receiving income from your pension. However, accessing your pension early will leave it with less chance to grow and could result in a pension that’s unable to last your full retirement.

Some or all of your pension can be used to buy an annuity when you retire. This can guarantee a fixed income for a set period or the rest of your life. Like pensions, annuities often pay out more if you’re older when you start one.

The amount of tax you’re required to pay each year is calculated based on your total taxable annual income.

How much money you need to retire depends on your desired lifestyle and personal circumstances, like whether you’re married or have paid off the mortgage.

Retirement can impact our mental health, which can lead to feelings of stress, anxiety, loneliness and depression. However, there are plenty of things you can do to prepare yourself for retirement, and potentially limit any negative impact on your mental health.

A target date fund is a type of pension fund that adjusts the mix of your investments in anticipation of your expected retirement date. Learn more.

When an elderly or disabled loved one needs extra support, choosing between care homes and home care can be a difficult decision. Learn more.