Three important actions for today
Getting the most from your pension doesn’t require big changes. A few quick actions can help you stay informed and make the most of what you’re building over time.
Three important actions for today
Getting the most from your pension doesn’t require big changes. A few quick actions can help you stay informed and make the most of what you’re building over time.
1. Explore your Scheme website
The Scheme website is the quickest way to find information about your pension.
You can use it to:
- View details of your Scheme benefits.
- Check and update your personal information.
- Read the latest updates from the Trustee Directors.
Once registered for My Pension, you can typically:
- Use the modeller to explore your retirement options.
- Update your details without contacting the Scheme administrator.
- View digital copies of communications.
- View payslips and P60s (if you’re a pensioner).
- Register your email address to find out when important updates or communications are posted online.
Thinking about your retirement choices?
If you haven’t taken your pension, the My Pension modeller can help you to see how your choices - including taking cash or retiring earlier - could affect how much you get and when. The modeller is available for most members.
2. Let us know your wishes
Your Expression of Wish form is important. It lets us, as the Trustee Directors, know who you would like to receive any lump sum benefits that may be paid from the Scheme when you die.
We decide who gets any lump sum benefits that are due, and your wishes help to guide our decision. It’s worth checking that your Expression of Wish form is up to date, particularly if your circumstances change.
Good to know
Keeping your wishes up to date helps guide us when we decide who should receive any lump sum benefits.
You can complete, or review and update, your Expression of Wish form through My Pension.
How to update your wishes:
- Log in to My Pension (or register if needed).
- Select My forms.
- Choose Update my Expression of Wish.
- Complete the form and click Submit.
Paper forms are also available under the Plan Information tab.
3. Get retirement-ready (if you haven't retired yet)
Taking a little time to prepare can help you feel more confident about the future.
Find out what you have
Check which pensions you have and what you might get when you retire. This helps you understand what income you might get from all your pensions in retirement. Pension Dashboards should make this even easier in the future.
Check your details are up to date
Correct contact and beneficiary details help make sure you get important updates and that any benefits are paid correctly. You can check and update your details by logging into My Pension.
Think about your next steps
Think about when you’d like to retire, your options and what income you might need. You can get free guidance on pensions and retirement, and you can take this step at your own pace.