Your pension: your choices

This guide is for you if you are planning to access a pension pot built up from contributions into a personal or workplace pension known as a defined contribution or money purchase pension scheme.

It sets out your options for using your pot(s) to provide a retirement income and the benefits and any potential risks of the different choices.

It also tells you about key actions you need to take as you approach the time you want to access your pension pot (whether you are retiring or not) and how to access free guidance from Money Helper – an impartial service backed by government that will help you weigh up your options for taking your pension.