Using Your Pension in Retirement
Once you retire, planning shifts from saving to generating income. Understand how pensioners pay tax on retirement income, how long your savings might last, and how to structure withdrawals for tax efficiency.
Pension income is taxable, but with the right strategy you can minimise what you pay. This section helps you understand retirement income taxation, plan sustainable withdrawals, and avoid common mistakes that cost pensioners money.
Explore Retirement Income
Retirement Drawdown Planner
Explore how retirement income might change over time when drawing from pensions and investments.
Understand Your Options
Tax-Efficient Retirement Drawdown Guide
Learn about different ways retirement income can be structured and taxed.
Sources of Retirement Income
Retirement income can come from different types of savings and investments. Each has different tax treatment and flexibility once you start taking money out.
Pension Income
Drawdown, lump sums, and taxable withdrawals
ISAs
Tax-free income alongside pensions
GIAs
Taxable income and capital gains
Still Building Your Pension?
If you're still in the saving phase, explore our accumulation tools to estimate your retirement goal and check your progress.
Explore retirement savings tools