The minimum age you can take your pension is 55.

If you would like to understand how much you should be saving towards your retirement, you can login to your Account and use a personalised calculator.

Please refer to the Plan website for further information on retirement choices.

New rules from April 2015

The government introduced radical changes to how you can take your benefits. 

From 6 April 2015 you can use your retirement account in the following ways:

  •      Take a cash lump sum - you can normally take the first 25% tax free (note anything over 25% will be treated as income and as such could push you into a higher tax bracket).
  •      Use part or all of your retirement account to provide a guaranteed regular income for life. 
  •      Transfer your account to another arrangement (if for example you wish to draw down regular amounts each year).

Help and support

The Government has arranged for all members to have access to free and impartial guidance when they retire to help make informed decisions.  The service is available to anyone aged 50 or over and can be accessed by visiting or by phoning 0800 138 3944

We do not provide legal or other services and are entitled to assume that you will rely on other professional advisers for the provision of such advice, including (but not limited to) legal, tax, audit and accounting advice.