Target Retirement Age, for most people, is either age 65 or your State Pension Age if that is later. You can check what your your Target Retirement Age is set at on your online portal L&G – Manage Your Account.
Put simply, the more you pay in, and the longer it stays invested, the more chance your pension pot has to grow – so you could have more when the time comes to take it.
However, you can access your pension benefits at any time from age 55 (increasing to age 57 from April 2028). If you know you’re going to take your pension before the Target Retirement Age that is set for you, please update this on your online account L&G MYA.
You can usually only retire at an earlier age than 55 (57 from April 2028) without tax penalties if you’re very unwell and unable to work. If you need more information about this, please contact L&G.
Target Retirement Age, for most people, is either age 65 or your State Pension Age if that is later. You can check what your your Target Retirement Age is set at on your online portal L&G – Manage Your Account.
Put simply, the more you pay in, and the longer it stays invested, the more chance your pension pot has to grow – so you could have more when the time comes to take it.
However, you can access your pension benefits at any time from age 55 (increasing to age 57 from April 2028). If you know you’re going to take your pension before the Target Retirement Age that is set for you, please update this on your online account L&G MYA.
You can usually only retire at an earlier age than 55 (57 from April 2028) without tax penalties if you’re very unwell and unable to work. If you need more information about this, please contact L&G.
Target Retirement Age, for most people, is either age 65 or your State Pension Age if that is later. You can check what your your Target Retirement Age is set at on your online portal L&G – Manage Your Account.
Put simply, the more you pay in, and the longer it stays invested, the more chance your pension pot has to grow – so you could have more when the time comes to take it.
However, you can access your pension benefits at any time from age 55 (increasing to age 57 from April 2028). If you know you’re going to take your pension before the Target Retirement Age that is set for you, please update this on your online account L&G MYA.
You can usually only retire at an earlier age than 55 (57 from April 2028) without tax penalties if you’re very unwell and unable to work. If you need more information about this, please contact L&G.
You’re likely to be a member of the DB Section of the Scheme if you worked at the Partnership before 1 April 2015. XPS is the administrator of the DB Section.
The DB Section closed on 1 April 2020 and therefore members who joined the Partnership after 1 April 2015 will only have a Defined Contribution pension pot.
This is where you can find information about your current pension if you’re a Partner now, or were a Partner after 1 April 2015. The Defined Contribution pages are probably the most important for you.
Members who joined the Partnership before 1 April 2015 may also hold DC pension pots with Prudential or Legal and General, as well as a Defined Benefit Pension in the Scheme. We previously referred to this as Hybrid or Dual Benefit. This is because you may have joined the DC Section of the Scheme when you started working at the Partnership and then, after a defined waiting period (which depends on the date you joined the Partnership), you would have become eligible to join the DB Section.
The DB Section closed on 1 April 2020 and therefore members who joined after 1 April 2015 will only have a DC Section pension pot.
