Back

How can I take my pension benefits once I’ve retired?

With a Virgin Money pension, you can take your pension as one lump sum, with 25% tax-free. This is the only way you can withdraw from your Virgin Money pension at the moment.

We’re working on options to drawdown income or take smaller lump sums from your pension.

If your pension is with us and you want to access it via drawdown or another way we don’t provide yet, you’ll need to transfer your money to another pension provider. We won’t charge you to transfer.