Taking money out of a pension early

You may be able to access your savings before a chosen retirement age as long as you are over 55

Ill health may be taken into account

In most circumstances, we wouldn't give you access to your pension savings before the age of 55. However, if you are suffering from ill health, then you might be able to access your pension savings before reaching 55 (some schemes offer a protected retirement age).

If you or your financial adviser wants to explore this in more detail — perhaps because you have a relatively high amount of savings with us — please contact our retirement team.

Under some circumstances, you may be able to move a portion of your savings into what's known as drawdown and then take a lump sum. The remaining savings would stay invested but you wouldn't be able to add further contributions.

Call us on 0333 666 26 26 or send an email to pensionclaims@smartpension.co.uk

Ill health may be taken into account

In most circumstances, we wouldn't give you access to your pension savings before the age of 55. However, if you are suffering from ill health, then you might be able to access your pension savings before reaching 55 (some schemes offer a protected retirement age).

If you or your financial adviser wants to explore this in more detail — perhaps because you have a relatively high amount of savings with us — please contact our retirement team.

Under some circumstances, you may be able to move a portion of your savings into what's known as drawdown and then take a lump sum. The remaining savings would stay invested but you wouldn't be able to add further contributions.

Call us on 0333 666 26 26 or send an email to pensionclaims@smartpension.co.uk

Instant changes to your
pension savings

You won’t need to check in on your pension savings every day. They're designed to be a long-term investment. But if you do need or want to get an update, then the secure Smart Pension makes it easy to get that information straight away. There’s no need to make a phone call or to wait for a letter.
Our app will give you real time information about your pension savings. It puts your future into the palm of your hand.

Smart Pension's fund choices

Smart Active Impact Bond Fund

Aims to invest in bonds which have an environmental impact and generate financial return above the global green bond market, taking into account Environmental, Social and Governance issues when selecting investments.

Smart Active Impact Equity Fund

The aim of this fund is to invest in equities which provide growth over the long term (being a period of five years or more) and invest in companies that contribute to the achievement of the United Nations’ Sustainable Development Goals.

Smart All Stocks Index – Linked Gilts Index Fund

Aims to track the return of the FTSE Actuaries British Government Index Linked All Stocks Index, which features UK government bonds with returns linked to the Retail Price Index (RPI).

Smart Annuity Fund

Aims to improve potential outcomes for investors likely to purchase fixed annuities by providing a diversified exposure to assets that reflect the broad characteristics of investments underlying a typical traditional level annuity product, incorporating Environmental, Social and Governance (“ESG”) considerations as part of the investment strategy.

The fund cannot provide full protection against changes in annuity rates for individual members as these also depend upon a number of other factors (e.g. changes to mortality assumptions).

Smart Cash Fund

Aims to maintain capital and provide a return in-line with money market rates by investing in a range of money market securities denominated in sterling.

Smart Ethical and Climate Fund

Aims to track a filtered index, which excludes companies that operate in industries that breach certain ethical criteria.

Smart Global Bond Index Fund

Aims to invest in different types of bonds in the UK and overseas, taking into account Environmental, Social and Governance factors.

Smart Growth Fund – Higher Risk

This fund carries a higher risk of fluctuation to your savings than other growth funds available but has the potential for high growth, though this is not guaranteed.

Smart Growth Fund – Lower Risk

This fund carries the lowest risk of fluctuation to your savings than other growth funds available but also reduced likelihood of a high return. It may be suitable if you are concerned about volatility.

Smart Income Fund

Aims to provide long-term investment growth up to retirement, and to support flexible income during retirement, taking into account Environmental, Social and Governance factors.

Smart North America Equity Index Fund

Aims to provide broad exposure to companies in the North American equity market, taking into account Environmental, Social and Governance factors.

Smart Sharia Fund

Aims to create long term appreciation of capital through investment in a diversified portfolio of securities which meets Islamic investment principles.

Smart Sustainable Growth Core

Aims to take advantage of Environmental, Social and Governance factors by investing more in companies which score well in these areas.

Smart Sustainable Growth Fund

Aims to take advantage of Environmental, Social and Governance factors by investing more in companies which score well in these areas to mitigate Environmental, Social and Governance risks and benefit people and the planet by having a moderate allocation to investments contributing to solutions for environmental and social issues.

Smart Sustainable Growth Plus

Aims to take advantage of Environmental, Social and Governance factors by investing more in companies which score well in these areas to mitigate Environmental, Social and Governance risks and benefit people and the planet by having a high allocation to investments contributing to solutions for environmental and social issues.

Smart UK Equity Index Fund

Aims to provide broad exposure to the UK stock market, taking into account Environmental, Social and Governance factors.

Smart World (ex UK) Developed Equity Index Fund

Aims to provide broad exposure to large and mid-cap companies in the developed world, excluding the UK, taking into account Environmental, Social and Governance factors.

Smart World Emerging Markets Equity Index Fund

Aims to provide access to key emerging economies taking into account Environmental, Social and Governance factors.

Need some help?

You can speak to SAVA, contact us or visit the help centre