‘70 is the new 53’ - the money implications for all ages
Optionality can help future-proof you from rising pension ages
Andrew Oxlade
Fidelity International
15 May 2025
Retirement planning
Just starting out? Wondering how to take money from your pension pot? Wondering how to make your retirement income last? We can help.
Important Information - the value of investments, and income from them, can go down as well as up, so you may not get back what you invest. Before transferring a pension, compare all the benefits, charges and features and always seek advice if you are unsure.
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Whether you’re looking for free guidance or more personalised, paid-for advice, our retirement specialists can help you get ready to retire.
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The government’s Pension Wise service offers free, impartial guidance to help you understand your options at retirement. You can access the guidance online or over the phone on 0800 011 3797.
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Whether you’re in your 20s or your 50s, there’s a lot you can do to make sure you have a retirement plan that’s suitable for you.
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You have more choice and flexibility in how you set up your retirement income than ever, so there is much more you need to know.
Approaching retirementWill you have enough to live on in retirement? Use our handy calculators to compare your income and expenditure, the options open to you and how much tax you might have to pay.
These tools can help you understand your financial situation but they don’t give advice. If you’re unsure about savings, investment or retirement planning call us on 0800 41 41 61, Monday to Friday, 8.30am to 5.30 pm or Saturday 9am to 12.30 pm., for a free consultation about how we can help you.
We can help you plan for your retirement, choose an income that meets your needs and ensure your money lasts. Call us on 0800 41 41 61, Monday to Friday, 8.30am to 5.30 pm or Saturday 9am to 12.30 pm.
The Government's Pension Wise service offers free, impartial guidance to help you understand your options at retirement. You can access the guidance online at moneyhelper.org.uk or call them on 0800 011 3797.
Did you know a single person will need about £43,100* a year for a comfortable retirement? With the new State Pension paying a maximum of £11,973 per year from April 2025, there’s clearly a gap.
Our guide provides you all the information you need to make sure you’re ready for the future you want.
*Source: Pension and Lifetime Savings Association - UK Retirement Living Standards in 2023.
Important information - Eligibility to invest in a SIPP and tax treatment depends on personal circumstances and all tax rules may change in the future. You can’t normally access money in a pension until age 55 (57 from 2028). It’s important to understand that pension transfers are a complex area and may not be suitable for everyone. Before going ahead with a pension transfer, we strongly recommend that you undertake a full comparison of the benefits, charges and features offered. To find out what else you should consider before transferring, please read our transfer factsheet. If you are in any doubt whether or not a pension transfer is suitable for your circumstances, we strongly recommend that you seek advice. This information and our tools are not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. You should regularly reassess the suitability of your investments to ensure they continue to meet your attitude to risk and investment goals.
Trying to manage pensions across different providers can be both time-consuming and difficult. Bringing them together into Fidelity’s Self-Invested Personal Pension (SIPP) can help you take control and plan ahead more effectively.
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