How to take your pension money
Logging in to your Online Account is the simplest way to access your money with The People’s Pension.
Are you ready to take your money?
Important: How you take your pension money is a big decision and you need to think about it very carefully. Make sure you’ve already considered your options and decided how you want to take your pension savings. Then you can tell us how you want to take your money in your Online Account.
What details will you need to know?
- How much your other pensions are worth, and whether you want to combine them
- Details of any other pensions you’ve taken money from
- Whether or not you receive any means-tested income
- Whether or not you’ve registered for lifetime allowance protection
- Your bank account details
When you’re ready, log into your Online Account and go to ‘Take your money’.
Taking your money through your Online Account:
Only takes 15 minutes to complete the online request
Is safe and secure
Means you’ll receive your money faster than by postStart taking your money now
Find out how much you have
The options you have for taking your pension depend on how much you have saved. Check in your Online Account to see how much your pension pot is worth – you’ll need to set it up first if you haven’t done so before.Log in to your Online Account Set up your Online Account
Do you need to do some more research?
Find out about your options
Your pension pot doesn’t automatically turn into a regular income or get sent to you as a lump sum. You need to tell us how you want to take your money – and there’s a few different options to choose from.
There are lots of different factors that could affect your decision about how to take your pension savings.
You can also find out more by reading our frequently asked questions on accessing your pension money.
Guidance and advice
Making decisions about your pension can be complicated. So you may need some help.
Find out more about your guidance and advice options and discover helpful resources on our guidance and advice for members page.