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The Scottish Widows Civil Service partnership pension account is a Stakeholder pension plan.

Stakeholder pensions are a low cost, flexible, tax-efficient way to save for retirement. The value of the tax benefits of a pension plan depend on your individual circumstances. Your circumstances and tax rules may change in the future.

You normally can start taking your benefits at any age from 55. Under the terms of this policy we require you to choose a retirement option by age 75. That way you can take advantage of the full range of available options and you don’t miss out on taking your pension in the way that best suits your needs.

If you don’t want to make a decision by age 75, you may be able to delay choosing a retirement option by transferring your policy to another provider.

If we don’t hear from you before your 75th birthday, your retirement options with us will be restricted to a transfer to another provider.

Remember pensions are a long-term investment. The retirement benefits you receive from your pension plan will depend on a number of factors including the value of your plan when you decide to take your benefits which isn't guaranteed, and can go down as well as up. The value of your plan could fall below the amount(s) paid in.

Charges, terms and limits may change but only to the extent, if any, allowed by legislation for Stakeholder Pension Plans.


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Our retirement planning section opens in a new window is dedicated to helping people nearing retirement to understand the new pension options that came into effect in April 2015.

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