Here's how you can take your Investment Builder savings before or after you retire

You can take up to four cash payments each year as an UFPLS.

The first 25% of each cash payment is usually tax free but the rest is subject to tax. Make sure you’re aware of these tax charges and other implications by reading our factsheet.

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You can take your whole pot as one cash payment using UFPLS too.

The first 25% is usually tax free and there’s no charge. Make sure you’re aware of the tax charges and other implications by reading our factsheet.

You have now completed the final step of this tool. Please click Finish below to view a summary of the resources you’ve saved.

Other pension providers may offer something different so you can transfer your savings to another pension provider at any time.

You have now completed the final step of this tool.

You can use your pot to buy an annuity – a guaranteed income for life – and take part of it as tax-free cash.

An annuity gives you a regular guaranteed retirement income for the rest of your life.

Use your pot to provide a flexible retirement income also known as flexi-access drawdown or just drawdown.

It’s a way of taking money out of your DC pot to live on in later life.

Useful Resources:

Taking cash payments (otherwise known as UFPLS) is one of the flexible ways you can take your Investment Builder savings. It allows you to use your savings pot a little like a bank account and withdraw up to four cash payments each year.

There are implications to taking cash payments so you should read our factsheet first.