There are a number of ways in which pension benefits can be accessed after you reach pension age, including purchasing an income for life (known as an annuity), withdrawing a lump sum or using your pension pot to provide a direct income via drawdown.
Moneybox offers the following options: you can access your Moneybox pension by either withdrawing a lump sum directly from it, by taking a mix of tax free and taxable cash, or by receiving a tax-free lump sum from Moneybox and using the rest of your pension to purchase an annuity from a provider of your choice. Further details about these options can be found in our Key Features document.