How do I take money out of the Nest Guided Retirement Fund?

What are the guidelines for taking cash?

The minimum amount you can take from your Nest Wallet is £20, or the full amount if lower. You can take one payment in a calendar month. 

You can take cash from your Nest Safe at any time if funds are available.

If you want to take more cash than available in Nest Wallet or Nest Safe, you’ll either need to switch out of the Nest Guided Retirement Fund and choose a different retirement option, or you can take all of your pot as cash.

We recommend that you take guidance from Pension Wise which is a government service from MoneyHelper that offers free and impartial pension guidance. 

How do I start taking cash out of Nest Guided Retirement Fund?

• The quickest and easiest way to start making withdrawals is by logging in to your online account.
• Select ‘Explore your options’ from the dashboard or ‘Take your money out’ from the menu, and follow the on-screen instructions. 

Choosing another retirement option

You may want to choose another retirement option if:

• You no longer want to be in the Nest Guided Retirement Fund.
• You want to access money in your Nest Vault.

You can choose to switch funds at any time from your online account.

If you want to choose a different retirement option, select ‘Need more than in Wallet and Safe?’ and follow the on-screen instructions.

How can I withdraw my full retirement pot?

If you want to take all your money out, select ‘Explore your options’ on your dashboard or ‘Take you money out’ from the menu.

Then select ‘Explore your options’ under Take money now and then follow the on-screen instructions.