Free, impartial guidance – backed by government
Pension Wise is a free government service that helps you understand what you can do with your pension pot money.
It offers guidance on the Pension Wise website about the options for taking your pension pot, and can help you understand the tax implications.
It also offers free guidance appointments over the telephone or face-to-face where you can talk through these options, ensuring you have the information you need to make the right decision.
Pension Wise can help you:
- Understand the tax implications of each choice.
- Understand the different options for accessing your pension pot(s), and the potential advantages and disadvantages of each.
- Understand the right things to think about when considering your choices, such as your plans to continue working, your personal and financial circumstances, and leaving money after you die.
The service is impartial and free for you to use.
However, it won’t recommend companies or tell you how to use your pension pot or invest your money.