There's no need to rush into a decision if you're not ready to decide, or you don't want to retire any time soon. If you prefer, you can leave your pension where it is for now and just update your chosen retirement date.
Understand your optionsBack to previous page
Wait and decide later
There are a number of reasons why you might want to wait and decide later:
- If you haven't saved enough to get the retirement lifestyle you want, you may need to keep working and continue contributing to your pension until you've reached your savings target.
- You don't need any pension income right now and would prefer to leave your pension invested with the potential to grow. It may be a good idea to review your investments to ensure they're still right for you.
- You'd like to go through your options with a financial adviser or the guidance service offered by the Government to understand your options in more detail before deciding.
Even if you take your pension benefits at a later date, it's never too early to start planning. You could invest some time now to work out what's the best option for you.