Accessing Your Pension Savings
Make sure you get the most from your pension to enjoy your retirement
Helping you make the most of your pension – without the confusion or the costs
If you’re over 55, the choices you make now could impact your retirement income for decades. Yet thousands of people risk losing out simply by accepting the first offer from their pension provider or failing to seek professional advice.
That’s where the iFinance Retirement Planning Service, powered by Pense, can help. We offer a free, no-obligation pension income recommendation and access to independent financial advice, helping you understand your full range of options, from lifetime annuities to drawdown and fixed-term plans.
Why it matters
Even small differences in pension charges or income rates can amount to thousands of pounds over your retirement. Our service is designed to cut through the jargon, reduce unnecessary fees, and help you find a plan that suits your lifestyle.
What we offer
Independent financial advice
You’ll get expert recommendations tailored to your circumstances, with no pressure to proceed.
Transparent access to your options
We explore all retirement income products, including:
- Lifetime annuities
- Fixed-term annuities
- Flexi-access pension drawdown
Market-wide comparisons
We work with every provider on the market to secure the best possible rates, and back that up with our £200 price beat guarantee on annuities.
A service designed to save you money
Our low-cost drawdown option includes access to a range of investment funds, with clear, capped advice fees.
Lifetime Annuities
Guaranteed income, for life
A lifetime annuity turns your pension savings into a regular income that’s guaranteed until the end of your life. The amount you receive depends on your age, health, and lifestyle, meaning two people with the same pension pot could receive very different incomes.
If you qualify for an enhanced annuity (due to health conditions or lifestyle factors), your income could be even higher.
We compare all providers to get you the best annuity rate for your pension savings.
Use our annuity calculator
Fixed-term Annuities
Short-term security, with long-term flexibility
Prefer to keep your options open? A fixed-term annuity provides a guaranteed income for a set period, typically 3–10 years. At the end, you’ll receive a Guaranteed Maturity Amount (GMA), which you can reinvest, use to buy another annuity, or simply take as cash.
This choice may be suitable for those who want peace of mind now, with the flexibility to review things later.
Use our fixed-term annuity calculator
Pension Drawdown
Take control of how and when you access your pension
With flexi-access drawdown, you can withdraw 25% of your pension tax-free, keep the rest invested, and take income as and when you need it.
Drawdown is a great option if you value flexibility and want more control over how and when you access your pension. While it offers the opportunity for your savings to grow, it’s important to remember that markets can go down as well as up, and past performance is not a reliable guide to future returns. With the right advice, you can create a strategy that balances freedom with long-term financial security.
Use our drawdown calculator
Free Guide: How to Access Your Pension
We’ve created a straightforward guide provided by Pense that covers:
- Key retirement considerations
- Your main pension access options
- Tax and withdrawal rules
- How to get the most from your pension savings
Request your free copy
Speak to an independent financial adviser
Whether you’re ready to act or just want to understand your options, our FCA-authorised advisers are here to help, with no charge for the initial consultation and no-obligation to proceed, call us today on 0808 134 6957 for your free recommendation.
Associated Newspapers Limited, trading as iFinance, is an Introducer Appointed Representative of Pense Limited, 1 Derwent House, Richmond Business Park, Sidings Court, Lakeside, Doncaster DN4 5NL. Pense Ltd is authorised and regulated by the Financial Conduct Authority number 231629.