Your pension in your pocket
Our app makes it easy to keep an eye on your pension and plan for the future.
Retirement Account is a plan for life and gives you the freedom to pay into your pension and take it in a number of ways when you retire.
Unlike some other pensions, Retirement Account offers a range of ways to take your pension when you retire.
If you have an existing Scottish Widows pension and are planning to take your pension or any tax-free cash in less than a year from now, call us to discuss your options.
If you don't already have a pension with us, you can set up a Retirement Account online. We will contact you as you get close to retirement, and our dedicated team will be available to help answer any questions you may have along the way.
Retirement Account is designed in two parts so you can pay into your pension (Retirement Planning) as well as take an income when you retire (Retirement Income). We have a dedicated team who have helped guide 20,000 customers through their retirement and will be there to support you every step of the way.
You can usually access your pension savings when you reach 55 (this will rise to 57 in 2028). But that doesn't mean this is the right option for you.
You might want to keep working but reduce your hours or go part time. If so, you could leave your pension savings invested until you are ready to retire.
Bear in mind that your circumstances can change. When it comes to tax-free cash, the Government's tax rules may change too.
You may already have a good idea on when and how you want to take your pension. However, it's important to think carefully about your situation before deciding.
It’s easy to manage online or over the phone.
If you’re transferring £10,000 or more and know how you want to invest your pension pot, then you’re ready. Have to hand the details of the pensions you want to transfer.