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Pension withdrawal

Access your pension online, from the age of 55 (57 from 2028).

Phones with withdrawal feature on app
Phones with withdrawal feature on app
Phones with withdrawal feature on app
286k

Invested Customers

4.6

Out of 5 on Trustpilot

£6.3bn

Assets Under Administration

286k

Invested Customers

4.6

Out of 5 on Trustpilot

£6.3bn

Assets Under Administration

When the time comes to start withdrawing your pension it should be simple and stress-free. Here’s how PensionBee can help make it easy.

PensionBee mobile phone
number one

Combine your old pensions online

Firstly, we’ll help you take control of your old pensions by switching them into a brand new PensionBee plan, managed by one of the world's biggest money managers for one simple annual fee - you’ll pay between 0.50% and 0.95% depending on the plan you choose, and we'll halve the fee on the portion of your savings over £100,000.

You get one simple pension, so you’ll no longer need to update all of your providers every time you make a withdrawal. Keeping track of your tax limits, like your tax-free lump sum allowances and the annual allowance for pension contributions, should also be simpler.

4Plus plan
number 2

Pick a plan to suit your retirement needs

Ready to start withdrawing your pension? Then it's important to ensure that you're in a plan that matches your retirement objectives.

You can make withdrawals from all of our plans but we offer three designed specifically for retirement - 4Plus, Tracker and Preserve.

Tax free cash and withdrawals screen
number three

Start withdrawing flexibly with PensionBee, or purchase an annuity

As soon as you reach the age of 55 (set to increase to 57 in 2028) we’ll provide you with two options to access your pension funds. You can take your pension flexibly online with the option for withdrawals through PensionBee drawdown. Or you can choose to purchase a pension annuity through our partner, Legal & General.

Tools to help you plan your retirement

We understand that choosing how and when you take your pension is a big decision. That’s why we’ve created articles, video explainers and a Drawdown Calculator to help you shape the retirement you want. And as always, our UK-based team is also on hand, if you have any questions.

Watch our Pensions 101 videos

Find out how you can access your pension including how to withdraw gradually via drawdown and buying an annuity. Learn more about your options and find out how you can use these different methods together.

Excellent. 12,185 customer reviews

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5 stars

graham harrall

Highly recommend this company to…

Highly recommend this company to anyone. makes everything so easy to understand and very professional,

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Tamas Shewry

Great, helpful service

I have changed jobs a number of times, each leaving me with separate pots (at times even one employer changing provider during same employment, and my current company did that too), and having PensionBee took off all the hassle from me to consolidate these. so easy to contact them as well.

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Gary

Being self employed I wanted to start…

Being self employed I wanted to start contributing to a pension and also group my old pensions together in one pot to easily manage. So I came across PensionBee and they do everything for you. They give you regular updates on the transfer process so you can just sit back and relax watching all your pension group together.

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Ged

Highly recommended!

I called PensionBee to get some information on the services they provide. I spoke to a very helpful gentleman called Andi who explained everything clearly and patiently. By the end of the call I was off to my laptop and set up an account within minutes. Would highly recommend PensionBee to anyone looking for a sharia compliant pension scheme with very reasonable fees and and very user friendly online interface.

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Nicola Pugh

A very smooth pension transfer

A very smooth pension transfer. Great level of communication and the App is extremely easy to navigate and handy to have.

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Tim Lloyd

Great communication throughout the…

Great communication throughout the whole process. I'm looking forward to better visibility on my now consolidated pension!

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Put your pension in the palm of your hand

Transfer your old pensions into a new online plan. It takes just a few minutes to sign up.

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