The current options for taking your money out of NEST focus on making the most of relatively small pots. That’s because NEST is only a few years old, so our members haven’t been saving with us for very long. We’re now developing new options for how people with larger pots will be able to take their money out in the future.
When you’re close to retirement you can get free, impartial guidance from Pension Wise. They can explain all your options, the decisions you’ll need to make and what tax or fees to look out for. All this can help prepare you for when you’re able to take your money at age 55.
If you’re over 50 you can book a phone appointment or arrange a face-to-face meeting by calling Pension Wise on 0800 138 3944 between 8am and 10pm, Monday to Sunday. You can also use this service if you’re able to access your pot early due to ill-health.
You can find a range of useful information at any time on the Pension Wise website.