You can usually start taking money from your pension when you are 55. But be aware that the earlier you start taking money out of your pension, the longer it might need to last. So it’s important to think carefully about how you manage your money – to avoid it running too low as you get older. This article from the Moneyhelper service has some great info on withdrawing cash from your pension.

If you are over 55, have a Penny Pension and would like to start accessing your money for retirement, simply start a Live Chat with our support team.