Pension Wise

Getting guidance on your pension options

What you do with your pension is a very important decision. You need to make sure that you understand all your options and check that what you plan to do is right for your circumstances. Usually, the first step is getting guidance from Pension Wise.

What is Pension Wise?

Pension Wise is a free and impartial government service designed for everyone aged 50 or over, who has a UK based personal or workplace pension. It aims to help you understand what type of pension you have, how you can access your savings and the potential tax implications of each option.

The service also provides guidance on how to shop around and find the best product for your needs. It also covers how to spot a pension scam, and what to do to avoid them.

How do I get guidance?

The best way to get guidance is by talking to a specialist. You can do this over the phone or in person. All you need to do is book an appointment for a time that suits you. Alternatively, you’ll find lots of information on their website

Why should I use it?

The guidance you get from Pension Wise is a valuable first step in retirement planning. It will help you to understand the full range of pension options available, and give you an idea of what to do next. Even if you’re confident with your decisions, talking things through and double checking you haven’t overlooked anything could save you trouble later on.

Book your free Pension Wise appointment

To get the most out of your guidance, we’d recommend booking a one-to-one appointment with a Pension Wise specialist. The appointment will last around 45 to 60 minutes, giving enough time to discuss your options and ask any niggling questions.

If you want to book a telephone or face to face appointment call 0800 138 3944 or follow the link below.

Remember, this is guidance, not personal advice. You may still want to speak to a financial adviser afterwards, but it’s likely you’ll be in a much better position when it comes to knowing your options.