The April 2015 pension freedoms introduced more options for your pension savings.
But, if you don't need to access your pension straight away, then you don't have to.
If you can leave your pension alone for the immediate future, your money will continue to be invested for growth, which could provide you with a higher income in the future.
You can also continue to pay into your pension to further boost your retirement savings, and your contributions will continue to attract tax relief.
Whatever you decide, getting the right advice is key.
The free and impartial Government service, pensionwise.gov.uk
, will help you understand your pension options.
At Wesleyan we're here to help, our financial consultants will help you find the solution that's right for you.