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What about tax?

Let's see how tax may affect how much you can save and what you get

As you’re building your pension, there are some tax restrictions you need to think about. And these restrictions apply to your pension with us – and with all other UK-based pension schemes.

Take a look at our short video for an overview of pension tax, how you benefit from it and its limits.

How is your pension taxed ?

When you retire, there are a few different ways you can choose to take your pension and/or one-off, cash lump sum. Depending how much pension and/or lump sum you take will impact how your pension’s taxed.

There’s more about how your pension’s taxed in start taking your benefits.

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