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Retirement Account - The Personal Pension with more choice
What is Retirement Account?
Retirement Account can be the right choice for a broad range of people. It’s a Personal Pension and, when you need it, a Personal Pension with a self invested option.
Retirement Account can hold both pre (Retirement Planning) and post retirement (Retirement Income) benefits, allowing you to save for retirement and take taxable income; all under the one Account.
Retirement Account offers:
Choice:
- Invest in Scottish Widows’ Pension Funds, Fund Supermarket and Fixed Term Cash Deposit
- When the right choice is a self invested option, invest in Share Dealing and Discretionary Fund Management too.
Flexibility:
- Retirement Planning to Retirement Income in a single policy
- Ability to draw an income post-retirement while still adding to pension fund.
Transparency:
- Our unique online Control Account shows all transactions to and from Retirement Account
- All charges and fees are clear.
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
- Simple and transparent charges.
Charges, limits and terms may change from time to time.
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.
Tax rules can change.
