Ready to Retire Fund

Our Ready to Retire Fund gives you complete flexibility to take your money in the way that suits you best. It could be right for you if:

you’re over age 60
you’re ready to take money from your pension pot
you want to control exactly when and how much money you withdraw
you want to take your money soon

It was previously called the Post Retirement Date Fund.

How does it work?

Everyone who joins Nest is put in one of our award-winning Nest Retirement Date Funds. Once we think you’re ready to start taking your money out – usually around State Pension age for most people, but you can tell us if you plan to withdraw your money sooner or later than this – we’ll move your money to a fund where you can access it.

If you have less than £10,000 in your pot, you’ll be moved into the Ready to Retire Fund, which is set up as a short-term home for your pension pot. It’s a low-risk fund that works to protects your pension pot from falls in the financial markets while you decide what to do with your money.

There’s no upper age limit. But if you don’t plan to take any money out for a few years, one of our other funds may be better suited to your needs.

You can also update your Nest retirement date so it matches the year you plan to start taking money from your pot.

How it works

Take your money as and when you want
Help protect your savings
Stay in the fund as long as you like
Freedom to switch funds if your plans change
Investments specifically designed for retirement

If you have more than £10,000 in your pot, you’ll be moved into the Nest Guided Retirement Fund.

How it’s different to the Nest Guided Retirement Fund

Both funds are designed for retirement, but the Ready to Retire Fund is designed for people who plan to take all their money out soon. It takes less risk than the Nest Guided Retirement Fund, meaning your money is better protected from sharp falls, but it’s also less likely to grow as quickly.

The Nest Guided Retirement Fund aims to give you regular monthly payments. It manages your money so there’s less chance of it running out.

Where does my money go?

We put your money into many things, like properties in the UK and global tech companies like Apple. You can read our handy guide to see the different types of markets your money is invested in.

These investments have been carefully chosen because we think they’re lower risk, which aims to protect your money from sharp falls. They can also be easily turned into cash, which is particularly useful if you plan to take your money out soon.
The flip side of this is that your money is less likely to grow as quickly compared to our other funds.
You can find out more detail on where this fund is invested and how it’s performing in our latest quarterly investment report.

Nest pension fund performance

Looking to protect your pot should be weighed against how long you plan on keeping your money here, the lifestyle you want to enjoy when you stop working and the budget you’ll need to achieve that, as well as the rising costs of living over that time.

Learn the difference between pot performance and fund performance, or see how Nest’s funds are performing.

How can I take my money?

Although the fund is designed for people planning to take all their money out soon, it’s set up to give you flexibility.

You can:

take all your money
take some of your money now and take the rest later
take your money bit by bit, whenever you need it

You’ll need to log in to your online account to set up payments from your pension pot into your bank account.

Are there different types of investment funds?

If you have more than £10,000 in your Nest pension pot, you can choose our Nest Guided Retirement Fund. This manages your money for you, giving you regular payments until age 85.