How your benefits will be paid at retirement

Pensions advice: With PRSAs, retirement benefits can be taken from age 60, and there’s no upper limit. For existing RACs, retirement benefits can be taken from age 60 up to age 75

With PRSAs, retirement benefits can be taken from age 60, and there’s no upper limit. For existing retirement annuity contracts, retirement benefits can be taken from age 60 up to age 75.

If you have a private pension arrangement when you retire, there are a number of options when it comes to actually cashing in and taking advantage of all of that saving. 

These options are often complex, so it will usually make sense to take advice and talk to an expert before you make any decision which will have a long-lasting impact on either you or your dependents.