Staying invested or deferring
Staying invested or deferring
Sometimes your circumstances may mean you decide to delay converting your pension into a retirement income. It may be that you decide to continue working or that you don't need the money just yet.
You may be able to keep any Defined Contribution pension you hold invested, and even continue contributing. Should your funds grow, your pension pot could potentially provide more income. In this case you need to understand the funds you are invested in and ensure they match your appetite for risk.
Timing can play a big part in the income you will receive when you retire and you can choose to defer your state pension as well as any personal or company pension you are entitled to.
Use our retirement budget calculator to help you make a decision.