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.
You can access your Moneybox pension by:
withdrawing a lump sum directly from it,
by taking a tax-free lump sum and moving the rest into pension drawdown, 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.