Retirement Options

Is a pension solution to support younger members (up to age 45) plan for the retirement they want. It can be viewed as a top up to the teachers pension and state pension to help ease you into retirement through possibly phased or earlier retirement rather than waiting until age 67 or 68 when you can receive your teachers and state pension.

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Our Retirement Options service


Initial Questionnaire

Initial Questionnaire. Click on the button and complete the questionnaire


Book Your Appointment

Book your appointment. On submitting your completed questionnaire you can use Fiona’s online calendar to book your appointment. An invite to the videocall will be sent to you – you will need to click on the link to start your appointment.



Retirement Review

Retirement review.  Before your videocall Fiona will send your recommendation to you and on the call she will discuss these with you

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Please select the statement below that best represents your situation

Why should I save early into a Personal Pension Plan?

Saving early means your money is invested longer and has more time to grow.

What is my state pension?

We recommend that you seek an estimate of your state pension benefits by applying for a State Pension forecast at Check your State Pension forecast – GOV.UK ( If you have a shortfall in your State Pension, you may be able to make this up with additional contributions.

When do I get my State Pension?

Age 67 or 68 depending on your age now

What age can I take the benefits from my Personal Pension Plan?

From 2028 age 57 or 58 depending on your age now

Are Personal Pension Plans in payment taxable?

Any retirement income over your personal allowance is taxable, just like your salary is when you work

Can I get a tax-free lump sum from my Personal Pension Plan?

Yes, you can take up to 25% of the fund value tax free.

What is tax relief on Personal Pension Plan premiums?

Your premiums are paid net of basic rate tax and Royal London claims 20% from the government on your behalf. Therefore £100 per month net will then be £125 per month going into your Personal Pension Plan.

What happens if I die before I take my Personal Pensonal Plan benefits?

The value of your fund will be paid as a tax-free lump sum to the person you nominated when you took out the Personal Pension Plan.


Why do I pay charges?

The charges are for the fund manager at Royal London to manage your fund on your behalf and an initial fee is charged for your adviser to set up the Personal Pension Plan.

Can I cancel my Personal Pension Plan?

You have 30 days from receiving your Personal Pension Plan documentation to change your mind.


How will I know how well my Personal Pension Plan is doing?

You will receive an annual statement from Royal London which will show its current value, you will also have access to the Royal London app which will give this information.

Can I make a single payment into my Personal Pension Plan?

Yes you can, by making a single contribution it is a great way to boast your pension savings.

How can I change my pension contribution?

This can be done by emailing Royal London, their email address is on the App.

Can I change my monthly contribution?

Yes, as long as it doesn’t fall below the £100 per month minimum premium.

Are there any risks?

Over the long term investments aim to do better than savings accounts. It is important you understand the returns aren’t guaranteed and you may get back less than you paid in.

Can I nominate someone to receive my pension if I die?

You can nominate whoever you want to receive your pension if you die, a nomination of beneficiaries’ form can be completed on the App