How can I access the money in my pension?

Ready to start using your pension? Here’s what to expect. 

Whether you're planning ahead or ready to begin taking your pension, Thrive is here to guide you through the process. Step by step. No stress. 

When can I access my pension? 

You can usually start accessing your pension from age 55 - though this will rise to 57 from April 2028, depending on your birth year. 

Once you reach the eligible age, it’s up to you how you use your pension: 

• Take a tax-free lump sum 

• Set up regular withdrawals 

• Leave your money invested to grow for longer 

You’re in control. It’s your money, and you decide when and how to use it. 

How do I start? 

It’s simple. Just get in touch with the Smart support team. They’ll walk you through your options and make sure everything is handled securely. 

You can contact Smart here.

Not sure what’s right for you? 

Before making any big decisions, you can book a session with a Thrive financial coach. They’ll help you understand your options and what works best for your circumstances. 

You can book directly through your Thrive app.

Are there any fees? 

There are no charges for withdrawing your pension through Thrive Smart Pension. However, depending on how you access your funds, tax may apply. We’ll help you understand what this could mean before you make a move. 

Still have questions?

We’ve got you. Our customer support team is here to help, whether you’re planning ahead or getting started today. No jargon, no fuss. Just clear, secure support whenever you need it.

You can reach us here at Thrive Customer Support.