Your pensions journey
Wherever you’re up to in your career, it’s important to understand the benefits of long-term pension saving and managing your money.
| Throughout working life |
Get to know your Plan pension. You can read About the Plan which will help you to understand how your pension works and the benefits you receive. Have you saved enough? Check the Pension Portal to see and familiarise yourself with your accrued Defined Benefits. You should also review any other pensions you may have elsewhere. |
| Thinking about retirement |
Have you saved enough? Consider how much income you’ll need in retirement. Useful tools such as MoneyHelper’s Budget Planner are available for free online. You can also use the online State Pension calculator to see how much you might be eligible to receive. Understand and read up on your retirement benefits. Get financial advice. An independent financial adviser can help you make the best decision regarding your benefits. |
| Time to retire! |
Remember, if you’re looking to retire and take your benefits, you can start this process online by using the ‘Retire online’ functionality in the Pension Portal. |
| In retirement |
Don’t forget to keep in touch! We need to make sure we still have the correct contact and bank details for you so that we can keep paying your pension and get in touch with you if needed. Keep using our online services. You can view your pension payslips on the Pension Portal, as well as using it to update personal details, including the names of anyone you’d like to nominate as a beneficiary in the event of your death. |