Once you have considered the different ways you can access your pension savings, it’s time to understand how to make your money work harder for you in retirement.
To start with, tools such as our budget planner and equity release calculator could help you better manage your finances - even if you’re already receiving your retirement income.
You can also use our retirement tools and calculators to understand how much you’ll need in retirement, and ensure you understand the risks of running out of money should you choose to use a drawdown product.
Thinking of withdrawing all your pension savings? You can work out how much you're likely to pay in tax too. Learning about the equity you could take out of your home is also worth considering - especially because it may or may not be the best option for you.
Retirement planning is an important process - so it's important to make sure the information is as clear as possible. If you come across any words or phrases that you’re not sure about, have a peep in our jargon buster to find out what it means.
For help deciding how to use your pension savings click here. Or if you’re already retired and are looking for ways to make your money and home work harder for you, then click here.
Our longevity tool helps you understand the likelihood of reaching a certain age in retirement.
Our tool helps you understand your income and expenditure through retirement.
If you take some of your pension as cash our tool will help show you how much tax you may pay.
Thinking about taking a drawdown product in retirement? This tool can show the risk of your pension running out.
Find out how much you could release with our lifetime mortgage calculator.
We explain some of the jargon you may come across as you look at financial products.
