You now have greater freedom to choose how you access your pension savings under a Defined Contribution scheme. Which means it's more important than ever to consider shopping around for the best deal so you can be confident that you’ve made the right decision.
The government has removed many restrictions on what you can do with your pension savings and provides people approaching retirement with free, impartial guidance about their choices through Money Helper. Visit Money Helper to learn more about your choices or to book an appointment through Pension Wise, a government service from MoneyHelper. The service offers pensions guidance to help you understand what your overall financial situation will be when you retire and the things you need to consider before you do. You can find out more about the Pension Wise service here.