If you have an existing Retiready Pension you can normally take 25% of the fund being used to provide benefits as tax-free cash; you may be entitled to more or less than that. 

For free and impartial guidance to help you understand tax-free cash visit Pension Wise, a service from MoneyHelper which is backed by the government. If you're over age 50, you can arrange an appointment with Pension Wise – this can be face-to-face or by telephone.

If you're unsure which retirement option is best for you, we recommend seeking advice from a financial adviser. There may be a charge for this. 

If you don’t have a financial adviser, you can find one in your area by visiting MoneyHelper, or find out more about advice services supported by Aegon by visiting Origen.

Origen Financial Services Ltd is wholly owned by Aegon UK plc but operates independently to us.

This information is based on our understanding of current taxation law and HMRC practice, which may change.