24/08/2026
Think your pension automatically lets you take your money as and when you want?”
Think again 🤔
Some pension schemes & providers don’t offer flexi-access drawdown. So if you want to take an income directly from your pension while leaving the rest invested, your existing provider may not offer that option.
That doesn’t necessarily mean you can’t access drawdown. Depending on your circumstances, you may be able to transfer to another pension arrangement that offers it — but transferring isn’t automatically the right answer.
There can be costs, investment differences, loss of valuable benefits or other consequences to consider.
So before you move your pension, check exactly what your current plan offers — and understand the implications of transferring.
Check. Compare. Understand.
“Because when it comes to your pension, you want to know exactly what you can — and can’t — touch.” 🕺 🪩
Pensions are long-term investments. The value of investments can go down as well as up, and you may get back less than you invested. Tax treatment depends on individual circumstances and may change.
Think carefully before transferring a pension. A transfer may not be suitable for everyone.
