Retirement Options | Legal & General

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You’re building-up savings for your retirement and you want to know more about being well prepared for retirement.

Saving for retirement Pension basics My Account

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You're working out what to do with a pension pot or several pension pots, to support your retirement.

Before using your pension Your options for using your pension Retirement income calculator

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You're looking for ways to pay off an interest only mortgage, to cover a large cost or to increase your income.

Things to consider Later life mortgages Equity release calculator

Help and guidance to choose, arrange and pay for later life care for you or someone you love.

Our range of support and information Care Costs Calculator

Our retirement products

Saving into a pension pot
Using your pension pot
Later life mortgages

Saving for a comfortable retirement

Personal pension

Not eligible for a Workplace pension or want to supplement your pensions savings?

Start from £100. Simple range of five funds. Tax efficient. Transfer an existing pension.

Personal pension

Save with a workplace pension

Workplace pension

Already in a workplace pension or received an enrolment notification?

Learn how to make the most of your workplace pension and the benefits of saving now.

Workplace pension
Guaranteed income for life

Pension Annuity

Use your pension pot to buy a guaranteed, regular income for life.

Peace of mind knowing exactly how much you’ll receive and when.

Take up to 25% of your pension pot as a tax-free lump sum.

Pension Annuity

Guaranteed income for a set period

Cash-Out Retirement Plan

Use your pension pot to buy a regular income for up to 25 years

Could be a tax-efficient way to take cash or use as a bridge to a future date when another source of income starts.

Take up to 25% of your pension pot as a tax-free lump sum.

Cash-Out Retirement Plan

Guaranteed income for a set period with a lump sum at the end

Fixed Term Retirement Plan

Use your pension pot to buy a regular income for up to 25 years, with a lump sum at the end

Security of regular income for a set period, and various options on what to do with your lump sum once the plan has matured.

Take up to 25% of your pension pot as a tax-free lump sum.

Fixed Term Retirement Plan

Flexible income

Personal Pension Drawdown

Take up to 25% of your pension pot as a tax-free lump sum.

Invest the rest with the flexibility to access the remainder of your pot when you want.

Personal Pension Drawdown

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A loan secured against your home where you don’t have to make monthly payments

Lifetime Mortgages

A form of equity release. The amount borrowed plus interest doesn’t need to be repaid until you die or move into long-term care

You can use the money to repay an existing mortgage or spend it on something else

The amount you can borrow is determined by your age and property value and there’s no affordability assessment. You have the option to pay all, some or none of the interest

Lifetime mortgages

A loan secured against your home where you make monthly payments

Retirement Interest Only Mortgage

A type of residential mortgage, the amount borrowed doesn’t need to be repaid until you die or move into long-term care

You can use the money to repay an existing mortgage or spend it on something else.

You can borrow up to 60% of the value of your home and need to be able to afford the monthly interest payments. As a last resort, your home may be repossessed if you do not keep up payments

Retirement Interest Only Mortgage

Looking for other ways to save?

Open a Stocks and Shares ISA from just £20 a month, or a £100 lump sum deposit, you can start saving today with a choice of five diversified fund solutions to choose from based on your risk appetite.

Open an ISA today

Existing retirement customers

We're here to help you enjoy your retirement. Would you like to:

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Retirement help and guidance

We all have something to learn from the guidance and advice available in this complex marketplace - so make the most of the help on offer. Other providers may have more appropriate products or be able to offer a higher level of retirement income.

Retirement guidance

Pension Wise from MoneyHelper

The government’s free and impartial service, offering guidance to make money and pension choices clearer.

To find out more or book an appointment online click below or call.

0800 100 166
8am to 8pm, Monday to Friday.
Calls may be recorded and monitored.

Book an appointment

Speak with us

Our colleagues are always happy to help with your questions or to help you apply for a quote.

Contact us Existing customer

Understanding your pension options

Connect to an independent financial adviser in your area through Unbiased.

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