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Mix your options

You don't have to choose one option - you can mix and match as you like. This will allow you take cash and income at different times to suit your needs. You can also keep saving into a pension if you wish, and get tax relief on your contributions until age 75.

Which option or combination is right for you depends on:

  • when you stop working or reduce the hours you work
  • your income objectives and attitude to risk
  • your age and health
  • the size of your pension pot and other savings
  • the sustainability of your chosen option
  • any pension or other savings of your spouse or partner, if relevant
  • whether you have financial dependants
  • whether your circumstances are likely to change in the future.

Allocating pots when mixing options

When mixing your options you might:
  • use different parts of one pot for more than one option
  • use separate pots for separate options
  • combine smaller pots before choosing one particular option.

At Wesleyan we're here to help, and our Wesleyan Financial Services Consultants will help you find the solution that's right for you.

Contact us

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Wesleyan Assurance Society and Wesleyan Bank Ltd are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Wesleyan Financial Services Ltd, Wesleyan Unit Trust Managers Ltd, Practice Plan Ltd and DPAS Ltd are authorised and regulated by the Financial Conduct Authority.  Advice about investments, insurance and mortgages is provided by Wesleyan Financial Services Ltd.

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