Thinking about retirement

It's important to review the age you’re thinking of taking your pension savings at as you get closer to it. If your circumstances change, or you need more time to save, you can update it.

Your plans might change over the years, but thinking about them now can help you to get your savings in shape - and make your personal and financial goals more achievable. To find out more about setting your goals and checking you are on track, click the link below.

Don’t forget about the state pension! This can make up a crucial part of your income when you retire, so it’s important to know what you might be entitled to, and when you can start receiving it. Click below for more information.

As you start to plan your retirement, it’s a good idea to check that your beneficiaries are up to date and that we have the correct target retirement age for you - especially if your pension savings are invested in one of our Target Date Funds, as this will affect the type of funds your savings are invested in.

To check your personal details and to make any changes, simply sign in to your online account.

If you want to find out more about how pensions, investments and retirement work, our Pensions Learning Hub is for you! 

Our Pensions Learning Hub contains a mixture of video guides and live online seminars, designed to guide you through your pension journey – from the start of your career until retirement. There are even dedicated sessions on mid-life pension planning and how to make sense of retirement and understanding your options.

As you approach retirement, there are a lot of things to consider when it comes to taking your savings and you might not know quite where to begin. Thankfully, the Government offers a great free service called Pension Wise that can take you through your options and help you make the right decisions.

Do you feel like you want more help understanding your pensions, or assistance with working out how much you need to save for the future? If this sounds like you, you might benefit from financial guidance, or even an appointment with a financial adviser.

For more information on financial guidance and financial advice, including what the differences are and how you can access them, click below.