You are in control
You are in control and there are no limits to how much you can access at any one time, although you normally have to be at least 55 to access your pension savings.
So we know when to write and remind you of your
options, we ask you for a planned retirement age. But
you can change it at any time.
You can take
everything in one go if you like. But only a quarter of your savings can normally be paid tax free. The rest
is taxed as income in the tax year (or years) it is paid out to you.
And, of course, once your savings are gone they are gone. You will have to manage financially
without them for the rest of your life.