Get UK Royal London 14A1577 2021-2024

At the moment, from age 55, you can choose to take your pension savings as a cash payment. This is increasing to age 57 from the 6th of April 2028. This could be all in one go or spread over a series of smaller lump sums.

You can take your whole pension pot as cash straight away if you want to, no matter what size it is. You can also take smaller sums as cash whenever you need to. 25% of your total pension pot will be tax-free. You'll pay tax on the rest as if it were income.

Access your pension plan details with our secure online service. It's really simple to use and you'll be up and running in no time. This online service is only available if you've taken out a plan with Royal London since 2004 or previously Scottish Life.

You'll need to have your plan number to hand. You can find it in your welcome pack or in your most recent benefit statement. You may have also received an access code from us. If you have, you can use this to get started, too.

At the moment, when you reach age 55, you'll be able to access your pension savings, even if you're still working. This is increasing to age 57 from the 6th of April 2028. So, whenever the time feels right for you, you'll find three main ways to enjoy the money you've saved.

We'll typically pay tax-free cash into your bank account within 5 working days.

Royal London are committed to providing the very best experience and pride themselves on delivering standout service and support. In 2022 its Workplace Pensions and Drawdown products received a 5 star rating from Defaqto.

Access your pension plan details with our secure online service. It's really simple to use and you'll be up and running in no time. This online service is only available if you've taken out a plan with Royal London since 2004 or previously Scottish Life.