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Retirement Account

With our Retirement Account you can bring all of your existing pensions plans together in one place

You can open your Retirement Account from just £200 a month

Like other personal pension plans, the Retirement Account is a way of saving for your retirement that receives favourable tax treatment. However, while most other pension products can go some way to meeting each of your requirements, we have designed the Retirement Account with the intention of meeting them all. You can save for retirement in the Retirement Planning part(s) of your Retirement Account, and then choose to move wholly into Retirement Income (income drawdown) or phase your retirement over a period of time.

Retirement Account at a glance

  • You can start from £200 a month, or make a £10,000 single payment (after tax relief has been added).
  • You can bring together all your existing pension plans in one place.
  • One policy Retirement Planning and Retirement Income in one Account.
  • Online access can give you more control over how you save. You can view your Account at any time and get an up-to-date valuation.
  • You’ll have access to an extensive range of investments, including the option of investing in commercial property.
  • Simple and transparent charges.


Charges, limits and terms may change from time to time.

As part of the Lloyds TSB Group, Scottish Widows is proud to be an Official Provider of the London 2012 Olympic and Paralympic Games