Mixing your options

You don't have to choose just one option – you can pick 'n' mix

You don’t have to choose one option – you can use parts of your pension pot for different options and take them at different times.

But not all providers will allow you to do this. You may need to transfer your pot to another provider if you want to take more than one option.

If you have more than one pot, you can use different options for each pot.

How does mixing your options work?

Different providers have different rules about taking your pension pot through more than one option. So it might be worth shopping around to get the best deal for you.

With The People’s Pension, it depends on which options you want to mix…

Consider combining your pension savings

If you’ve got more than one pension – you might want to think about putting them all in one place so that they’re easier to manage.

The amount you have in your pension pot affects which options you can take your money through. So by combining your pension savings into one, you could change the options available to you.

It’s also important to compare the charges, features and services between the pension you want to transfer out of and the pension you want to transfer into – to make sure it’s the best option for you.

Find out what else you should consider before transferring »

Should you combine your pensions if you want to mix your options?

Before you combine your pension savings in one place, you should think about the options you might want to mix and check whether your provider will allow you to do so after the transfer in.

Different providers have different rules about taking a single pension pot through more than one option. But you can always take separate pensions in different ways if you want to.

So it might be better to take your pensions separately through different methods rather than combining them in some cases. For example, if the provider you want to transfer into doesn’t allow you to mix your options in the way you’d want to.

Combining your pension savings with
The People's Pension

You could transfer your other pensions into The People’s Pension. It’ll be easier to keep track of them in one place and you could save money on charges too…

If you’re unsure what’s right for you, it’s a good idea to consider getting advice. Otherwise, if you’re comfortable making financial decisions, all you need to do is give us the details (either online or by post) and we’ll do the rest.

How does mixing your options work with The People's Pension?

Will I still have other options available to me if I...

...keep it where it is?


You can keep your pension pot with us for as long as you like.

And when you do decide you want to access your pension pot later down the line, you can choose to take it through any of the retirement options available from The People’s Pension, at any point you choose (after you’ve turned 55).

More about keeping it where it is »

...take it all in one go?

...take it a bit at a time - taking my tax-free cash gradually?

...take it a bit at a time - taking my tax-free cash up front?

...buy a guaranteed income ('annuity')?

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Where to get guidance and advice

Retirement planning = big decisions

Find out where to get help (our website, Pension Wise or LV= to name but a few).

Explore your guidance and advice options »