An update on Covid-19

Please be assured that we have taken all necessary steps to ensure that we will still be able to pay and process members’ pensions during the Covid-19 outbreak.

Have you registered for our secure online portal?

It’s often quicker and easier to update your details and check your pension online, through our secure portal.

Could you help run the Plan?

Pensioners and deferred members of the Scottish & Newcastle Pension Plan are invited to apply to join the Trustee Board.

 
I'm a DEFERRED MEMBER

TAKING YOUR BENEFITS

The Plan provides an income (a pension) for you, which you can start to draw any time from age 55 (as long as your pension is at least equal to your Guaranteed Minimum Pension or GMP).

You can ask for payments from the Plan to start before your Normal Retirement Date, if you wish. However, if you do this, there are two really important factors to consider:

  • do you understand how your pension is reduced for early retirement?
  • will you have enough income to enable you to retire early?

You can use the online portal to get an illustration of what your pension might be at various different retirement dates.

Once you’ve decided on the date you’d like to retire within the next 12 months, you’ll need to get a written pension quote, which provides details of your benefits. You can request a pension quote through the online portal or contact the Plan administrator, Capita.