If you retire at Normal Retirement Date you will receive a pension, calculated as outlined in your Scheme booklet. Any transferred-in benefits or AVCs will also be payable. AVCs can normally be taken as a tax free lump sum. Alternatively it will be converted into a Scheme pension using the Pension Rate applicable when you retire. Alternatively, you may purchase a pension (which is called an annuity) from an external provider eg an insurance company and the Trustees have appointed Hargreaves Lansdown to help you choose an appropriate annuity if you wish to consider this option. More information about this service can be downloaded below and you can click here to go to their website.

The Pensions Service Centre will contact you before you reach your retirement age to tell you what your benefits will be.

Downloads

To view any pdf files you will need Adobe Acrobat version 5.0 or above installed on your computer. You can download this free plugin by clicking here.

Hargreaves Lansdown flyer

67.68KB

28/02/2012

Download