At Retirement

When you reach retirement there are a number of options open to you.

This is the option to convert some of your pension to a tax-free lump sum on retirement.

The amount of pension you have to exchange for each £1 of tax-free cash depends on your age. 

Terminating Pensions
If you retire before you reach state pension age, it may be possible to choose to receive a larger pension from the Scheme until your state pension age and a smaller one afterwards to bridge the gap until your state pension is paid.


Extra spouse's pension
You can also choose to give up some of your pension to provide extra pension for your spouse after your death.

Details of the above options can be obtained from Pensions by emailing