Approaching retirement
If you’re a Legal & General customer, log in to Manage Your Account and use our retirement planner to plan for your retirement. Or learn more about your options.
Accessing your pension pot
You can access the money in your pension pot from age 55 (57 from April 2028) or sometimes earlier if you are in ill health.
Depending on your scheme you may be able to take cash lump sums, a variable income through drawdown (known as flexi-access drawdown), a guaranteed income under an annuity or a combination of these options.
When thinking about your options, it’s a good idea to make an appointment with Pension Wise. It’s a free government guidance service from Money Helper to help people aged 50 or over to understand the options you have for your pension pot.
When you’re ready to access your pension pot with Legal & General
Even if you haven't decided which option to choose, whenever you're ready to access your workplace pension pot with Legal & General please contact us for your options pack. This will provide you with more information including your right to shop around and the necessary request forms for you to complete to tell us what you want to do. You will automatically be sent an options pack approximately four months before your scheme (or selected) retirement date.
Things to consider
What are my options for accessing my pension pot?
I’m retiring in the near future. Where can I get a retirement quote?
How much can I save in my workplace pension?
Can I transfer in my other pensions?
How do I change my contribution amounts?
How do I change the funds I’m invested in?
Can I cancel my plan?
Calculators and tools
Use our calculators and tools to find out what income you might need in retirement and whether you are on track.