You can access and read through our investment guide by signing into your Smart Pension account here. Some members will have a bespoke investment guide, which can be found by signing in to your account.
If members have less than £100 in their Smart Pension account, they won’t get charged this monthly flat fee.
The best way to find out about the charges you pay is to sign into your Smart Pension account. Once signed in go to Investments, then scroll to the bottom of the page and click Charges for investments.
Leave invested after selected retirement age
Small Fund Commutation
Transfer to provider of Annuities or Drawdown
Uncrystallised funds pension lump sum
(Retirement options can vary for some individuals due to previous benefit rights that may have received some form of protection before they were transferred to the scheme. Full details of the options available will be discussed with those affected members when claiming their benefits.)
Maximum tax-free cash lump sum
25%, although some members may have a right to take a larger tax free cash lump sum, and may have other retirement options to consider.
Early retirement allowed?
Yes, currently from age 55 or due to ill health. Some members may have a protected early retirement age and will be able to retire before age 55. The minimum normal retirement age is expected to increase to 57 from April 2028.
Commencement cash lump sum only
Not at this time
Small fund commutation
Benefits on death
Return of funds
Retirement options guide
This guide explains all of the available options at retirement.
When you're ready to choose your retirement option, you can complete this form and return it to us. A separate application form will be provided to any members who may have other retirement options because of the benefits they have transferred into the scheme.
If you need help completing the application form, read our step by step guide. A separate step by step guide will be provided to any members who may have other retirement options because of the benefits they have transferred into the scheme.