You can take some or all your pension savings as cash. A quarter will be tax free and the rest will be taxable. You can take all your pension savings as cash at once, or take cash in chunks.
If you’re thinking of taking cash in chunks, you can use the retirement planner to see how long your money could last. Log in to now:u and go to Plan my retirement.
Or, you can transfer your pension savings out of now:pensions. This could give you more options for retirement income.
Check out more information on your retirement options here.