Retirement overview
Retirement planning tools
Withdrawal and retirement income
Retirement checklists
Your retirement and PensionBee
Your retirement and PensionBee
We offer several options to help you take your pension income, which you can combine for more flexibility.
Taking your pension with PensionBee
Pension Drawdown
A flexible way to take your pension. Leave your money invested while withdrawing as you need, as long as you’re over 55 (rising to 57 in 2028).
We offer two ways to withdraw from your PensionBee pension, either online or through our app. Remember, though, only 25% of your pension can be accessed tax-free. The rest will be taxable.
Lump sum
Make ad-hoc withdrawals whenever you want. Simply, choose how much you want to withdraw and tell us the bank account to deposit your payment to.
Regular withdrawals
The ‘set and forget’ approach to withdrawing. Choose a withdrawal amount and a payment date from the available options and have your payment automatically deposited to your bank account each month.
Pension Annuity
A guaranteed income for a fixed period or the rest of your life.
Whilst we don’t offer an annuity product we’ve partnered with Legal & General who can help you find an annuity that’s right for you. You can get started online with a free quote. Simply, provide some basic details such as your pension savings and Legal & General will send you a quote.
Annuity with Legal & GeneralSaving with PensionBee
Diversified plans
We offer a range of pension plans for a range of saving needs, including socially responsible plans such as the Impact Plan and Shariah Plan.
Experienced money managers
Our pension plans are managed by some of the largest and most experienced money managers in the world, including State Street Global Advisors, BlackRock, Legal & General and HSBC.
Independently vetted
Our information security practices are certified to the internationally recognised ISO 27001 standard, as well as the UK Government's Cyber Essentials Plus Scheme.
Secure identity checks
We meticulously vet the identity of all employees and customers to reduce the risk of identity fraud, or any other unauthorised access to your information or account.
Join 260k customers already saving with PensionBee
Get startedWith investments, your capital is at risk
How it works
Combine your pensions in minutes. We start by transferring your old pensions and investing them into one brand new pension plan.
Sign up in minutes for free
Simply download the PensionBee app, or sign up online with some basic details like your date of birth and National Insurance number. Choose from our range of pension plans and if you’re not sure which to choose, you'll be placed into our most popular plan, Tailored. You can easily switch between plans at any time, for free.
Tell us about your pensions
Transferring your old pensions to us is free. To help us transfer your pensions just provide some basic information such as the name of your provider and policy number. The more information you can give us about your old pension providers, the faster we can find and transfer your money. Don't worry if you don't have all the information to hand, you can always add it later. You can tell us about your current employer pension, but we won't usually transfer it to PensionBee until you move jobs.
Leave the rest to us
That’s all we need to start transferring your pensions. We'll start contacting your previous pension providers to begin the process of moving your money to your new PensionBee pension. Your personal account manager (known as your BeeKeeper) will provide regular updates every step of the way.
Be pension confident!
Combine your old pension pots into one new online plan. It takes just a few minutes to sign up.
Get started
