How to take your pension money
Logging in to your Online Account is the most convenient 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! But if you’ve already considered your options and decided how you want to take your pension savings, you can request this quickly in your Online Account.
Taking your money through your Online Account:
only takes 15 minutes to complete the online request
is a safe and secure transaction
means you’ll receive your money faster than by post.
When you’re ready, log in to your Online Account and go to ‘Claim’…
Not ready to start yet?
Set yourself a reminder to come back to this page when you’re ready.
Having problems in your Online Account?
Read our FAQs for help with taking your money online.
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 ways to choose from.
Watching our video about your retirement options and reading our ‘Your options at retirement’ booklet is a good way to get started.
What are your options for taking your pension money?
You have more options if you have more than £10,000 in your pot. So, if you have £10,000 or less saved with us, you might want to think about combining your pensions. By transferring savings from other schemes into your account with The People’s Pension you could increase your options.
Find out how much you have
How you can take your pension pot depends 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 AccountCompare your options at retirement
Retirement planning = big decisions.
There are lots of different factors that could affect your decision about how to take your pension savings.
Have a look at our comparison page to help you decide what’s right for you.
You can also find out more by reading our frequently asked questions on accessing your pension money.
Combining your pension savings
You have different options for taking your money depending on how much you have in your pension pot. So by combining your pension savings into one place, you could increase your options. More about combining your pensions
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…
Retirement scenarios
Deciding how to take your pension savings is a personal decision – we can’t tell you what’s right for you personally. But you can get an idea of how different people take their savings in different ways, by reading our quick case studies…
Still not sure?
Use our interactive decision tool to help nail down your options…
