Published on June 4, 20241 min read

Plan your retirement income

Pension Wise is a service from MoneyHelper, backed by government. We offer free, impartial guidance to over 50s. We’ll explain the options to take money from your defined contribution pension pots.

Explore your pension options

If you have a UK based defined contribution (personal or workplace) pension you choose how to take your money.

You can use this service to find out about:

  • the options for taking your pension money
  • how each option is taxed
  • next steps to take
  • questions to ask your provider.

How it works

  1. You’ll get a brief summary of the six options for taking a defined contribution pension.
  2. Select the ones you’re most interested in for more detailed information.
  3. You can then choose extra information, for example, how your pension is taxed.
  4. Print or download your summary.
Warm reminder

Always seek the advice of a qualified professional in relation to any specific problem or issue. The information provided on this site is provided "as is" without warranty of any kind, either express or implied, including but not limited to the implied warranties of merchantability, fitness for a particular purpose, or non-infringement. The owners and operators of this site are not liable for any damages whatsoever arising out of or in connection with the use of this site or the information contained herein.