Things to consider

Don't rush into anything – there are lots of things to think about.

This page covers some of the key things to do before making your final decision including getting some free and independent support from the Government via Pension Wise.

If you are happy you’ve covered all the bases then it’s time to move onto 'Ready to choose'.

Know your pension

Understand the features that may apply to your pension – and what they could mean for you.

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Shop around

Learn how to compare products and providers to get the best outcome for you.

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Government Guidance

Pension Wise is free and independent pensions guidance from the Government.

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Find an independent financial adviser

You may need to pay for any advice.

Find an IFA


There are now more opportunities for people to scam you out of your pension pot.

Make sure you know it’s not a scam.

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And don’t forget

The impact of taking your pension pot can affect your current situation:

Return to: Calculators

Need to take another look at your figures before you consider what to do next?

Retirement calculators

Taking your money

If you’ve made a decision on your pension savings, use our checklists to make sure you’ve got all the important bits covered.

Ready to choose

Combine your pensions

Got more than one pension? Then you could think about putting them all in one place. Combining your pensions with Scottish Widows is simple and we won't charge you for this service.

Pension transfers