The value of a pension and the income from it can go down as well as up – and you could get less than the amount that's been put in.
\nThe decision to access your pension is an important one and will affect your income and possibly your standard of living for years to come.
Therefore we recommend that before any decision is made you receive regulated financial advice or get free guidance from Pension Wise.
Modal body text
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","contentType":null,"key":"94cdc483-7832-491b-9450-b1b126bbb866","id":3041,"name":"First Modal","urlSegment":"first-modal","sortOrder":0,"level":3,"path":"-1,3039,3040,3041","creatorId":-1,"createDate":"2024-03-13T10:55:08Z","writerId":2,"updateDate":"2025-05-16T09:22:26.523Z","cultures":{"":{"culture":"","name":"First Modal","urlSegment":"first-modal","date":"2024-03-13T10:55:08Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null}],"properties":null}],"childrenForAllCultures":[{"contentType":null,"key":"383af845-1c71-44b9-b9b1-9c8ac0264491","id":3040,"name":"Modals","urlSegment":"modals","sortOrder":0,"level":2,"path":"-1,3039,3040","creatorId":-1,"createDate":"2024-03-13T10:54:32Z","writerId":-1,"updateDate":"2024-04-18T14:27:22.157Z","cultures":{"":{"culture":"","name":"Modals","urlSegment":"modals","date":"2024-03-13T10:54:32Z"}},"itemType":2,"children":[{"modalWidth":500,"text":"Modal body text
","contentType":null,"key":"94cdc483-7832-491b-9450-b1b126bbb866","id":3041,"name":"First Modal","urlSegment":"first-modal","sortOrder":0,"level":3,"path":"-1,3039,3040,3041","creatorId":-1,"createDate":"2024-03-13T10:55:08Z","writerId":2,"updateDate":"2025-05-16T09:22:26.523Z","cultures":{"":{"culture":"","name":"First Modal","urlSegment":"first-modal","date":"2024-03-13T10:55:08Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null}],"childrenForAllCultures":[{"modalWidth":500,"text":"Modal body text
","contentType":null,"key":"94cdc483-7832-491b-9450-b1b126bbb866","id":3041,"name":"First Modal","urlSegment":"first-modal","sortOrder":0,"level":3,"path":"-1,3039,3040,3041","creatorId":-1,"createDate":"2024-03-13T10:55:08Z","writerId":2,"updateDate":"2025-05-16T09:22:26.523Z","cultures":{"":{"culture":"","name":"First Modal","urlSegment":"first-modal","date":"2024-03-13T10:55:08Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null}],"properties":null}],"properties":null},"children":[{"body":"The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
","notes":"","title":"","contentType":null,"key":"e3d0402d-d19e-40a9-aa67-f4d859c9f63d","id":5283,"name":"3. Value of your investments","urlSegment":"3-value-of-your-investments","sortOrder":1,"level":3,"path":"-1,3039,5282,5283","creatorId":-1,"createDate":"2024-11-13T17:21:02Z","writerId":-1,"updateDate":"2024-11-19T13:53:57.087Z","cultures":{"":{"culture":"","name":"3. Value of your investments","urlSegment":"3-value-of-your-investments","date":"2024-11-13T17:21:02Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"The specific securities identified and described are for informational purposes only and do not represent recommendations.
","notes":"","title":"","contentType":null,"key":"a61b2ca9-4e47-45c0-9f88-b37bd14c50ad","id":5284,"name":"9. Specific securities","urlSegment":"9-specific-securities","sortOrder":2,"level":3,"path":"-1,3039,5282,5284","creatorId":-1,"createDate":"2024-11-14T10:25:23Z","writerId":-1,"updateDate":"2024-11-19T13:53:57.29Z","cultures":{"":{"culture":"","name":"9. Specific securities","urlSegment":"9-specific-securities","date":"2024-11-14T10:25:23Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"SIPPs are not suitable for everyone as they may be more expensive than other types of pensions. They may not be right for you if you don’t want to invest across different asset classes or don’t think you will make use of the investment choices available to you. The Best SIPP is designed for people looking to invest at least £10,000 through any combination of one-off investments, regular contributions or transfers from other providers, over a short time frame.
","notes":"","title":"","contentType":null,"key":"7e27a9a5-560f-43ff-9a3d-2aae0cbfff00","id":5287,"name":"16. Sipps","urlSegment":"16-sipps","sortOrder":5,"level":3,"path":"-1,3039,5282,5287","creatorId":-1,"createDate":"2024-11-15T16:22:15Z","writerId":-1,"updateDate":"2025-02-03T10:55:30.657Z","cultures":{"":{"culture":"","name":"16. Sipps","urlSegment":"16-sipps","date":"2024-11-15T16:22:15Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"Transfer considerations. Transfers should only be considered for pensions which do not offer any guaranteed or safeguarded benefits - not final salary or defined benefit schemes or pensions that offer particular annuity rates and other promises. You should ensure that by transferring you are not incurring unnecessary penalties, losing any benefits or features, and have considered any increase in pension charges.
","notes":"","title":"","contentType":null,"key":"ef005e57-13ee-4235-b529-6f516f67dff5","id":5288,"name":"15. Transfers","urlSegment":"15-transfers","sortOrder":6,"level":3,"path":"-1,3039,5282,5288","creatorId":-1,"createDate":"2024-11-15T16:30:51Z","writerId":-1,"updateDate":"2024-11-19T13:53:58.383Z","cultures":{"":{"culture":"","name":"15. Transfers","urlSegment":"15-transfers","date":"2024-11-15T16:30:51Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
\nTax treatment depends on the individual circumstances of each client and may be subject to change in the future.
","notes":"","title":"","contentType":null,"key":"cb98df25-73ed-4559-9947-d1b5ca6d169f","id":5289,"name":"4. Value and Tax","urlSegment":"4-value-and-tax","sortOrder":7,"level":3,"path":"-1,3039,5282,5289","creatorId":-1,"createDate":"2024-11-18T12:34:21Z","writerId":-1,"updateDate":"2024-11-27T15:39:16.84Z","cultures":{"":{"culture":"","name":"4. Value and Tax","urlSegment":"4-value-and-tax","date":"2024-11-18T12:34:21Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"As with all stock market investments the value of the Junior ISA can fall as well as rise and you may get back less than has been paid in.
Tax treatment depends on individual circumstances and may be subject to change in the future.
With pension investment, both the money you invest and the income from it can fall in value.
Before transferring, see Transfer considerations.
The value of investments can fall as well as rise and that you may not get back the amount you originally invested.
\nNothing in these briefings is intended to constitute advice or a recommendation and you should not take any investment decision based on their content.
\nAny opinions expressed may change or have already changed.
","notes":"","title":"","contentType":null,"key":"8e5ca4b2-4f3d-4f21-87ef-773fb88b2d56","id":5292,"name":"5. Professional advice","urlSegment":"5-professional-advice","sortOrder":10,"level":3,"path":"-1,3039,5282,5292","creatorId":-1,"createDate":"2024-11-19T14:48:27Z","writerId":-1,"updateDate":"2024-12-27T09:35:39.857Z","cultures":{"":{"culture":"","name":"5. Professional advice","urlSegment":"5-professional-advice","date":"2024-11-19T14:48:27Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"Past performance is not a reliable indicator of future results. View full risk warning.
","notes":"","title":"","contentType":null,"key":"6d90fc31-9d2a-43ea-be14-cbb782b0d88c","id":5293,"name":"6. Full risk link","urlSegment":"6-full-risk-link","sortOrder":11,"level":3,"path":"-1,3039,5282,5293","creatorId":-1,"createDate":"2024-11-19T14:50:00Z","writerId":-1,"updateDate":"2025-03-04T14:44:19.81Z","cultures":{"":{"culture":"","name":"6. Full risk link","urlSegment":"6-full-risk-link","date":"2024-11-19T14:50:00Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"Before transferring, see Transfer considerations.
","notes":"","title":"","contentType":null,"key":"b0f77c3b-ed35-490e-a324-94a0929c4e63","id":5314,"name":"1. Transfer notice","urlSegment":"1-transfer-notice","sortOrder":12,"level":3,"path":"-1,3039,5282,5314","creatorId":-1,"createDate":"2024-11-20T12:26:52Z","writerId":-1,"updateDate":"2024-11-20T12:27:04.63Z","cultures":{"":{"culture":"","name":"1. Transfer notice","urlSegment":"1-transfer-notice","date":"2024-11-20T12:26:52Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.
","notes":"","title":"","contentType":null,"key":"694047db-9565-48fe-89cb-948cb96431fa","id":5455,"name":"27. Tax","urlSegment":"27-tax","sortOrder":13,"level":3,"path":"-1,3039,5282,5455","creatorId":2,"createDate":"2024-11-27T11:18:40Z","writerId":2,"updateDate":"2025-07-01T11:37:26.693Z","cultures":{"":{"culture":"","name":"27. Tax","urlSegment":"27-tax","date":"2024-11-27T11:18:40Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Past performance is not a reliable indicator of future results.
ETFs can be high risk and complex and may not be suitable for retail investors, so you should make sure you understand all the risks involved before investing.
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
The value of a pension and the income from it can go down as well as up – and you could get less than the amount that's been put in.
You should consider charges, investment choices and any valuable benefits that could be lost before combining any pensions.
The decision to access your pension is an important one and will affect your income and possibly your standard of living for years to come.
Therefore we recommend that before any decision is made you receive regulated financial advice or get free guidance from Pension Wise.
Pensions are long-term investments. You may get back less than you originally paid in because your capital is not guaranteed and charges may apply.
","notes":"","title":"","contentType":null,"key":"fa9a27d7-45d7-4318-b03a-41ad577dadd8","id":5321,"name":"21. Long term","urlSegment":"21-long-term","sortOrder":18,"level":3,"path":"-1,3039,5282,5321","creatorId":-1,"createDate":"2024-11-29T16:56:27Z","writerId":-1,"updateDate":"2024-11-29T16:56:37.853Z","cultures":{"":{"culture":"","name":"21. Long term","urlSegment":"21-long-term","date":"2024-11-29T16:56:27Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"Income drawdown is complex and not suitable for everyone. Your pension remains invested so your income will be affected by the value and performance of underlying assets which may fall; make sure you understand the risks and costs before you go ahead.
","notes":"","title":"","contentType":null,"key":"65982c9d-78b6-4d4d-96d5-47fc3591ea1c","id":5322,"name":"22. Income drawdown","urlSegment":"22-income-drawdown","sortOrder":19,"level":3,"path":"-1,3039,5282,5322","creatorId":-1,"createDate":"2024-11-29T16:57:54Z","writerId":-1,"updateDate":"2024-11-29T16:58:02.393Z","cultures":{"":{"culture":"","name":"22. Income drawdown","urlSegment":"22-income-drawdown","date":"2024-11-29T16:57:54Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"SIPPs are not suitable for everyone as they may be more expensive than other types of pensions. They may not be right for you if you don’t want to invest across different asset classes or don’t think you will make use of the investment choices available to you.
Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.
VCTs are higher-risk investments designed for UK resident taxpayers with an investment time horizon of greater than 5 years, which is the minimum holding period to qualify for income tax relief.
Tax reliefs depend on individual circumstances and may change. They may be difficult to sell at a price close to the value of the underlying assets or at the time of your choosing. They should only form a small part of an investor’s portfolio.
You should read the relevant prospectus before making any decisions.
The information and guidance provided by the coaches is not regulated by the Financial Conduct Authority.
","notes":"","title":"","contentType":null,"key":"e427eb8c-de84-4e4f-81f7-8be7d22376fc","id":5331,"name":"28. Coaches","urlSegment":"28-coaches","sortOrder":22,"level":3,"path":"-1,3039,5282,5331","creatorId":-1,"createDate":"2024-12-09T11:45:13Z","writerId":-1,"updateDate":"2024-12-09T11:45:23.713Z","cultures":{"":{"culture":"","name":"28. Coaches","urlSegment":"28-coaches","date":"2024-12-09T11:45:13Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"VCTs (Venture Capital Trusts) should be regarded as high-risk investments. You can lose all the money you put into them. See more on the risks of investing in VCTs below.
","notes":"","title":"","contentType":null,"key":"da526787-844e-434d-a14e-3f3eee3464bc","id":5379,"name":"29. VCTs (Short)","urlSegment":"29-vcts-short","sortOrder":23,"level":3,"path":"-1,3039,5282,5379","creatorId":-1,"createDate":"2025-01-28T15:33:58Z","writerId":-1,"updateDate":"2025-09-22T15:37:03.91Z","cultures":{"":{"culture":"","name":"29. VCTs (Short)","urlSegment":"29-vcts-short","date":"2025-01-28T15:33:58Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"VCTs are higher-risk investments designed for UK resident taxpayers with an investment time horizon of greater than 5 years, which is the minimum holding period to qualify for income tax relief. The value of investments can fall as well as rise and you may get back less than invested.
\nVCTs should only be considered by experienced investors once other financial planning solutions have been fully explored and should only form a small part of your portfolio.
With pension investment, both the money you invest and the income from it can fall in value.
The value of your investment can go down and you can lose all the money you originally invested. Shares are a high-risk product. They may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest.
","notes":"","title":"","contentType":null,"key":"ada9a131-b33c-47cb-ba68-e020b82b3c70","id":5484,"name":"IPOs","urlSegment":"ipos","sortOrder":27,"level":3,"path":"-1,3039,5282,5484","creatorId":-1,"createDate":"2025-09-22T15:36:27Z","writerId":-1,"updateDate":"2025-09-22T15:36:41.52Z","cultures":{"":{"culture":"","name":"IPOs","urlSegment":"ipos","date":"2025-09-22T15:36:27Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"The value of your investments and the income from them may go down as well as up, and you could get back less than you invested. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest.
","notes":"","title":"","contentType":null,"key":"691d17fc-aef1-4528-aeeb-dbe0f870838c","id":5485,"name":"Best funds","urlSegment":"best-funds","sortOrder":28,"level":3,"path":"-1,3039,5282,5485","creatorId":-1,"createDate":"2025-09-23T13:00:46Z","writerId":-1,"updateDate":"2025-09-23T13:01:08.677Z","cultures":{"":{"culture":"","name":"Best funds","urlSegment":"best-funds","date":"2025-09-23T13:00:46Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"With pension investment, both the money you invest and the income from it can fall in value. SIPPs may not be suitable for everyone. Please seek advice if you are unsure.
","notes":"","title":"","contentType":null,"key":"ec44a388-b174-47d0-b297-b60a7f97227e","id":5489,"name":"Pension investment + Seek advice","urlSegment":"pension-investment-plus-seek-advice","sortOrder":29,"level":3,"path":"-1,3039,5282,5489","creatorId":-1,"createDate":"2025-09-26T09:52:35Z","writerId":-1,"updateDate":"2025-09-26T09:53:43.217Z","cultures":{"":{"culture":"","name":"Pension investment + Seek advice","urlSegment":"pension-investment-plus-seek-advice","date":"2025-09-26T09:52:35Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"The value of a pension and the income from it can go down as well as up and you could get less than the amount that's been put in.
","notes":"","title":"","contentType":null,"key":"0c1d10af-c713-48d9-8844-4b67e9f9c5e2","id":5495,"name":"The value of a pension and the income from it","urlSegment":"the-value-of-a-pension-and-the-income-from-it","sortOrder":30,"level":3,"path":"-1,3039,5282,5495","creatorId":-1,"createDate":"2025-10-13T13:24:24Z","writerId":-1,"updateDate":"2025-10-13T13:26:29.883Z","cultures":{"":{"culture":"","name":"The value of a pension and the income from it","urlSegment":"the-value-of-a-pension-and-the-income-from-it","date":"2025-10-13T13:24:24Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.Tax treatment depends on the individual circumstances of each client and may be subject to change in the future. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest.
","notes":"","title":"","contentType":null,"key":"afb0e554-5e4b-4270-a4ac-cbfccbf211cd","id":5498,"name":"4. Value, Tax + Funds","urlSegment":"4-value-tax-plus-funds","sortOrder":31,"level":3,"path":"-1,3039,5282,5498","creatorId":-1,"createDate":"2025-10-13T15:55:14Z","writerId":-1,"updateDate":"2025-10-13T15:56:41.557Z","cultures":{"":{"culture":"","name":"4. Value, Tax + Funds","urlSegment":"4-value-tax-plus-funds","date":"2025-10-13T15:55:14Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.
","notes":"","title":"","contentType":null,"key":"b8110bba-bdab-484b-ace7-6c654d25f95c","id":5551,"name":"Tax + Standard risk warning.","urlSegment":"tax-plus-standard-risk-warning","sortOrder":32,"level":3,"path":"-1,3039,5282,5551","creatorId":-1,"createDate":"2025-12-16T11:01:40Z","writerId":-1,"updateDate":"2025-12-17T17:04:33.553Z","cultures":{"":{"culture":"","name":"Tax + Standard risk warning.","urlSegment":"tax-plus-standard-risk-warning","date":"2025-12-16T11:01:40Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null}],"childrenForAllCultures":[{"body":"The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
","notes":"","title":"","contentType":null,"key":"e3d0402d-d19e-40a9-aa67-f4d859c9f63d","id":5283,"name":"3. Value of your investments","urlSegment":"3-value-of-your-investments","sortOrder":1,"level":3,"path":"-1,3039,5282,5283","creatorId":-1,"createDate":"2024-11-13T17:21:02Z","writerId":-1,"updateDate":"2024-11-19T13:53:57.087Z","cultures":{"":{"culture":"","name":"3. Value of your investments","urlSegment":"3-value-of-your-investments","date":"2024-11-13T17:21:02Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"The specific securities identified and described are for informational purposes only and do not represent recommendations.
","notes":"","title":"","contentType":null,"key":"a61b2ca9-4e47-45c0-9f88-b37bd14c50ad","id":5284,"name":"9. Specific securities","urlSegment":"9-specific-securities","sortOrder":2,"level":3,"path":"-1,3039,5282,5284","creatorId":-1,"createDate":"2024-11-14T10:25:23Z","writerId":-1,"updateDate":"2024-11-19T13:53:57.29Z","cultures":{"":{"culture":"","name":"9. Specific securities","urlSegment":"9-specific-securities","date":"2024-11-14T10:25:23Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"SIPPs are not suitable for everyone as they may be more expensive than other types of pensions. They may not be right for you if you don’t want to invest across different asset classes or don’t think you will make use of the investment choices available to you. The Best SIPP is designed for people looking to invest at least £10,000 through any combination of one-off investments, regular contributions or transfers from other providers, over a short time frame.
","notes":"","title":"","contentType":null,"key":"7e27a9a5-560f-43ff-9a3d-2aae0cbfff00","id":5287,"name":"16. Sipps","urlSegment":"16-sipps","sortOrder":5,"level":3,"path":"-1,3039,5282,5287","creatorId":-1,"createDate":"2024-11-15T16:22:15Z","writerId":-1,"updateDate":"2025-02-03T10:55:30.657Z","cultures":{"":{"culture":"","name":"16. Sipps","urlSegment":"16-sipps","date":"2024-11-15T16:22:15Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"Transfer considerations. Transfers should only be considered for pensions which do not offer any guaranteed or safeguarded benefits - not final salary or defined benefit schemes or pensions that offer particular annuity rates and other promises. You should ensure that by transferring you are not incurring unnecessary penalties, losing any benefits or features, and have considered any increase in pension charges.
","notes":"","title":"","contentType":null,"key":"ef005e57-13ee-4235-b529-6f516f67dff5","id":5288,"name":"15. Transfers","urlSegment":"15-transfers","sortOrder":6,"level":3,"path":"-1,3039,5282,5288","creatorId":-1,"createDate":"2024-11-15T16:30:51Z","writerId":-1,"updateDate":"2024-11-19T13:53:58.383Z","cultures":{"":{"culture":"","name":"15. Transfers","urlSegment":"15-transfers","date":"2024-11-15T16:30:51Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
\nTax treatment depends on the individual circumstances of each client and may be subject to change in the future.
","notes":"","title":"","contentType":null,"key":"cb98df25-73ed-4559-9947-d1b5ca6d169f","id":5289,"name":"4. Value and Tax","urlSegment":"4-value-and-tax","sortOrder":7,"level":3,"path":"-1,3039,5282,5289","creatorId":-1,"createDate":"2024-11-18T12:34:21Z","writerId":-1,"updateDate":"2024-11-27T15:39:16.84Z","cultures":{"":{"culture":"","name":"4. Value and Tax","urlSegment":"4-value-and-tax","date":"2024-11-18T12:34:21Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"As with all stock market investments the value of the Junior ISA can fall as well as rise and you may get back less than has been paid in.
Tax treatment depends on individual circumstances and may be subject to change in the future.
With pension investment, both the money you invest and the income from it can fall in value.
Before transferring, see Transfer considerations.
The value of investments can fall as well as rise and that you may not get back the amount you originally invested.
\nNothing in these briefings is intended to constitute advice or a recommendation and you should not take any investment decision based on their content.
\nAny opinions expressed may change or have already changed.
","notes":"","title":"","contentType":null,"key":"8e5ca4b2-4f3d-4f21-87ef-773fb88b2d56","id":5292,"name":"5. Professional advice","urlSegment":"5-professional-advice","sortOrder":10,"level":3,"path":"-1,3039,5282,5292","creatorId":-1,"createDate":"2024-11-19T14:48:27Z","writerId":-1,"updateDate":"2024-12-27T09:35:39.857Z","cultures":{"":{"culture":"","name":"5. Professional advice","urlSegment":"5-professional-advice","date":"2024-11-19T14:48:27Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"Past performance is not a reliable indicator of future results. View full risk warning.
","notes":"","title":"","contentType":null,"key":"6d90fc31-9d2a-43ea-be14-cbb782b0d88c","id":5293,"name":"6. Full risk link","urlSegment":"6-full-risk-link","sortOrder":11,"level":3,"path":"-1,3039,5282,5293","creatorId":-1,"createDate":"2024-11-19T14:50:00Z","writerId":-1,"updateDate":"2025-03-04T14:44:19.81Z","cultures":{"":{"culture":"","name":"6. Full risk link","urlSegment":"6-full-risk-link","date":"2024-11-19T14:50:00Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"Before transferring, see Transfer considerations.
","notes":"","title":"","contentType":null,"key":"b0f77c3b-ed35-490e-a324-94a0929c4e63","id":5314,"name":"1. Transfer notice","urlSegment":"1-transfer-notice","sortOrder":12,"level":3,"path":"-1,3039,5282,5314","creatorId":-1,"createDate":"2024-11-20T12:26:52Z","writerId":-1,"updateDate":"2024-11-20T12:27:04.63Z","cultures":{"":{"culture":"","name":"1. Transfer notice","urlSegment":"1-transfer-notice","date":"2024-11-20T12:26:52Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.
","notes":"","title":"","contentType":null,"key":"694047db-9565-48fe-89cb-948cb96431fa","id":5455,"name":"27. Tax","urlSegment":"27-tax","sortOrder":13,"level":3,"path":"-1,3039,5282,5455","creatorId":2,"createDate":"2024-11-27T11:18:40Z","writerId":2,"updateDate":"2025-07-01T11:37:26.693Z","cultures":{"":{"culture":"","name":"27. Tax","urlSegment":"27-tax","date":"2024-11-27T11:18:40Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Past performance is not a reliable indicator of future results.
ETFs can be high risk and complex and may not be suitable for retail investors, so you should make sure you understand all the risks involved before investing.
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
The value of a pension and the income from it can go down as well as up – and you could get less than the amount that's been put in.
You should consider charges, investment choices and any valuable benefits that could be lost before combining any pensions.
The decision to access your pension is an important one and will affect your income and possibly your standard of living for years to come.
Therefore we recommend that before any decision is made you receive regulated financial advice or get free guidance from Pension Wise.
Pensions are long-term investments. You may get back less than you originally paid in because your capital is not guaranteed and charges may apply.
","notes":"","title":"","contentType":null,"key":"fa9a27d7-45d7-4318-b03a-41ad577dadd8","id":5321,"name":"21. Long term","urlSegment":"21-long-term","sortOrder":18,"level":3,"path":"-1,3039,5282,5321","creatorId":-1,"createDate":"2024-11-29T16:56:27Z","writerId":-1,"updateDate":"2024-11-29T16:56:37.853Z","cultures":{"":{"culture":"","name":"21. Long term","urlSegment":"21-long-term","date":"2024-11-29T16:56:27Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"Income drawdown is complex and not suitable for everyone. Your pension remains invested so your income will be affected by the value and performance of underlying assets which may fall; make sure you understand the risks and costs before you go ahead.
","notes":"","title":"","contentType":null,"key":"65982c9d-78b6-4d4d-96d5-47fc3591ea1c","id":5322,"name":"22. Income drawdown","urlSegment":"22-income-drawdown","sortOrder":19,"level":3,"path":"-1,3039,5282,5322","creatorId":-1,"createDate":"2024-11-29T16:57:54Z","writerId":-1,"updateDate":"2024-11-29T16:58:02.393Z","cultures":{"":{"culture":"","name":"22. Income drawdown","urlSegment":"22-income-drawdown","date":"2024-11-29T16:57:54Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"SIPPs are not suitable for everyone as they may be more expensive than other types of pensions. They may not be right for you if you don’t want to invest across different asset classes or don’t think you will make use of the investment choices available to you.
Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.
VCTs are higher-risk investments designed for UK resident taxpayers with an investment time horizon of greater than 5 years, which is the minimum holding period to qualify for income tax relief.
Tax reliefs depend on individual circumstances and may change. They may be difficult to sell at a price close to the value of the underlying assets or at the time of your choosing. They should only form a small part of an investor’s portfolio.
You should read the relevant prospectus before making any decisions.
The information and guidance provided by the coaches is not regulated by the Financial Conduct Authority.
","notes":"","title":"","contentType":null,"key":"e427eb8c-de84-4e4f-81f7-8be7d22376fc","id":5331,"name":"28. Coaches","urlSegment":"28-coaches","sortOrder":22,"level":3,"path":"-1,3039,5282,5331","creatorId":-1,"createDate":"2024-12-09T11:45:13Z","writerId":-1,"updateDate":"2024-12-09T11:45:23.713Z","cultures":{"":{"culture":"","name":"28. Coaches","urlSegment":"28-coaches","date":"2024-12-09T11:45:13Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"VCTs (Venture Capital Trusts) should be regarded as high-risk investments. You can lose all the money you put into them. See more on the risks of investing in VCTs below.
","notes":"","title":"","contentType":null,"key":"da526787-844e-434d-a14e-3f3eee3464bc","id":5379,"name":"29. VCTs (Short)","urlSegment":"29-vcts-short","sortOrder":23,"level":3,"path":"-1,3039,5282,5379","creatorId":-1,"createDate":"2025-01-28T15:33:58Z","writerId":-1,"updateDate":"2025-09-22T15:37:03.91Z","cultures":{"":{"culture":"","name":"29. VCTs (Short)","urlSegment":"29-vcts-short","date":"2025-01-28T15:33:58Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"VCTs are higher-risk investments designed for UK resident taxpayers with an investment time horizon of greater than 5 years, which is the minimum holding period to qualify for income tax relief. The value of investments can fall as well as rise and you may get back less than invested.
\nVCTs should only be considered by experienced investors once other financial planning solutions have been fully explored and should only form a small part of your portfolio.
With pension investment, both the money you invest and the income from it can fall in value.
The value of your investment can go down and you can lose all the money you originally invested. Shares are a high-risk product. They may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest.
","notes":"","title":"","contentType":null,"key":"ada9a131-b33c-47cb-ba68-e020b82b3c70","id":5484,"name":"IPOs","urlSegment":"ipos","sortOrder":27,"level":3,"path":"-1,3039,5282,5484","creatorId":-1,"createDate":"2025-09-22T15:36:27Z","writerId":-1,"updateDate":"2025-09-22T15:36:41.52Z","cultures":{"":{"culture":"","name":"IPOs","urlSegment":"ipos","date":"2025-09-22T15:36:27Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"The value of your investments and the income from them may go down as well as up, and you could get back less than you invested. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest.
","notes":"","title":"","contentType":null,"key":"691d17fc-aef1-4528-aeeb-dbe0f870838c","id":5485,"name":"Best funds","urlSegment":"best-funds","sortOrder":28,"level":3,"path":"-1,3039,5282,5485","creatorId":-1,"createDate":"2025-09-23T13:00:46Z","writerId":-1,"updateDate":"2025-09-23T13:01:08.677Z","cultures":{"":{"culture":"","name":"Best funds","urlSegment":"best-funds","date":"2025-09-23T13:00:46Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"With pension investment, both the money you invest and the income from it can fall in value. SIPPs may not be suitable for everyone. Please seek advice if you are unsure.
","notes":"","title":"","contentType":null,"key":"ec44a388-b174-47d0-b297-b60a7f97227e","id":5489,"name":"Pension investment + Seek advice","urlSegment":"pension-investment-plus-seek-advice","sortOrder":29,"level":3,"path":"-1,3039,5282,5489","creatorId":-1,"createDate":"2025-09-26T09:52:35Z","writerId":-1,"updateDate":"2025-09-26T09:53:43.217Z","cultures":{"":{"culture":"","name":"Pension investment + Seek advice","urlSegment":"pension-investment-plus-seek-advice","date":"2025-09-26T09:52:35Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"The value of a pension and the income from it can go down as well as up and you could get less than the amount that's been put in.
","notes":"","title":"","contentType":null,"key":"0c1d10af-c713-48d9-8844-4b67e9f9c5e2","id":5495,"name":"The value of a pension and the income from it","urlSegment":"the-value-of-a-pension-and-the-income-from-it","sortOrder":30,"level":3,"path":"-1,3039,5282,5495","creatorId":-1,"createDate":"2025-10-13T13:24:24Z","writerId":-1,"updateDate":"2025-10-13T13:26:29.883Z","cultures":{"":{"culture":"","name":"The value of a pension and the income from it","urlSegment":"the-value-of-a-pension-and-the-income-from-it","date":"2025-10-13T13:24:24Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.Tax treatment depends on the individual circumstances of each client and may be subject to change in the future. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest.
","notes":"","title":"","contentType":null,"key":"afb0e554-5e4b-4270-a4ac-cbfccbf211cd","id":5498,"name":"4. Value, Tax + Funds","urlSegment":"4-value-tax-plus-funds","sortOrder":31,"level":3,"path":"-1,3039,5282,5498","creatorId":-1,"createDate":"2025-10-13T15:55:14Z","writerId":-1,"updateDate":"2025-10-13T15:56:41.557Z","cultures":{"":{"culture":"","name":"4. Value, Tax + Funds","urlSegment":"4-value-tax-plus-funds","date":"2025-10-13T15:55:14Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.
","notes":"","title":"","contentType":null,"key":"b8110bba-bdab-484b-ace7-6c654d25f95c","id":5551,"name":"Tax + Standard risk warning.","urlSegment":"tax-plus-standard-risk-warning","sortOrder":32,"level":3,"path":"-1,3039,5282,5551","creatorId":-1,"createDate":"2025-12-16T11:01:40Z","writerId":-1,"updateDate":"2025-12-17T17:04:33.553Z","cultures":{"":{"culture":"","name":"Tax + Standard risk warning.","urlSegment":"tax-plus-standard-risk-warning","date":"2025-12-16T11:01:40Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null}],"properties":null},"children":[],"childrenForAllCultures":[],"properties":null},"subtitle":"Leaving your pension invested when you reach retirement","title":"Staying invested in retirement","contentType":null,"key":"217d22b9-c31c-4e7e-89fe-ec59e14d157c","properties":null},"settings":{"purpleBlockStyle":true,"contentType":null,"key":"9fd7d92a-bc7a-4dae-8b6d-fd9f268418e1","properties":null},"blockType":"smallHeaderBlock"},{"content":{"text":"Many people choose to stay invested at retirement if they have income from a part-time job, an annuity or income drawdown from another pension. If your investments perform well this could mean you have more money to spend in later life (but if they perform badly you could end up with less).
\nThe decision to access your pension is an important one and will affect your income and possibly your standard of living for years to come. Therefore we recommend that before any decision is made you receive regulated financial advice or get free guidance from Pension Wise.
\n1. You have the potential to grow your investments further
\nEven a few extra years investing could mean more money in your pension account, thanks to the effect of compounding. As ever, it’s important to remember this is not guaranteed and investments can fall in value as well as rise.
\n2. You might not need the money to last as long
\nIf you can afford to hold off using your money for a few years, you could then potentially take out more every year without worrying about it running out or buy an annuity at a later age that pays a higher income.
\n3. You can pass your pension on
\nYou can nominate a beneficiary by completing an expression of wish form, so your pension can be paid to your loved ones should the worst happen. There are potentially valuable tax benefits involved, should you die, in leaving your pension savings to your beneficiaries. This is because money in your pension will normally be deemed to be outside of your estate for Inheritance Tax purposes (although this is due to change on 6 April 2027).
\nHowever, you should be aware of the following:
\nIf you die before the age of 75
\nIf you die before the age of 75, your pension can generally be paid out as a tax-free lump sum to your beneficiaries subject to the lump sum and death benefit allowance (LSDBA). If your beneficiaries take your pension as drawdown or as an annuity, then the LSDBA doesn't apply and payments will be tax-free if paid within 2 years of notification of death.
\nAfter 2 years of notification of death or if you die after age 75, your beneficiaries have the same options, but they’ll have to pay income tax on the benefits and the LSDBA won’t apply.
\nIf you die after the age of 75
\nYour beneficiaries will still be able to take the money as a lump sum, but this will be taxed based on their marginal rate of income tax when they receive the money.
\nPlease note that the UK Government has announced that from April 2027 unused pensions will be included in the calculation of the value of estates for Inheritance tax purposes and could therefore be subject to Inheritance Tax.
\nReview your risk appetite
\nIt's important to understand how much risk you’re willing to take with your investments as this will affect how much they rise and fall which can, in turn, affect your retirement income and how long it lasts.
\nLife expectancy is on the rise
\nMore people are living for longer which means people's retirement incomes will need to last longer than they used to.
\nThe long-term impact of inflation
\nEven a low inflation rate, over a long time, will reduce the value of your savings so your investments need to keep pace.
\nRisk of running out of income
\nYour retirement pot needs to last your lifetime so the longer you live and more you withdraw from it, the chances of running out of income increase.
\nCareful consideration should be taken around how much and how often you withdraw and how your money is invested to make sure your pension pot will last as long as you need it to.
\nIf you're looking to invest beyond retirement, here's how Bestinvest can help you.
\nThe Best™ Funds List* features our take on the ‘best’ funds from across the different sectors. These are the ones that we think are capable of doing better than their peers and the benchmark. Of course, we can’t guarantee this, but we do have real conviction in them.
\n*The Best™ Funds List is a trademark of Bestinvest.
\nOur Ready-made Portfolios are built and managed by our experts. Simply choose the portfolio that best suits your needs and your money will be invested in our best and latest ideas.
\nYou can keep control of your investments but benefit from the guidance of a Coach. Coaches can't provide specific advice about where to invest but they can offer general investment education, guidance and support.
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