If you don’t want to use your pension account to give you a flexible income, we offer two alternative Life Stage strategies for you to invest your money. 


Life Stage strategy - cash target.

If you want, you can choose to take the whole of your Pension Account as a cash sum. 25% of it will be paid tax free, and you’ll be taxed on the rest. If you think that’s the right option for you, you can choose the Life Stage strategy – cash target. For more information, click here. 

The fund break down can be seen on this graph:


Life Stage strategy - annuity target.

Alternatively, you can choose to buy an annuity when you reach retirement. An Annuity is a regular income from an insurance company, which is paid for as long as you live. There are several different types of annuity, so you should shop around to find the one that suits you. If you think this is the right option for you, you can move your money into the Life Stage strategy – annuity target. 

The fund break down can be seen on this graph:

Make your choices and changes online. Simply log in, go to ‘Investments’ and click ‘amend investment strategy’. Alternatively, you can download a switching investment form or contact an administrator.

 Remember! There is always some risk and strategies do not guarantee a better return.  Click here for more information about risk

Important! We automatically alter your investments to reflect how far you are from retirement - your target retirement age. Therefore, it’s important to ensure this reflects your current plans and change it, if not. To change your target retirement age, simply log in and go to the Personal Details section.