A guide to benefits
There’s much more to your scheme than simply providing you with a pension, including:
A lump sum for you at retirement – tax free and in addition to your pension.
Early retirement pensions for ill health – for those who qualify under the scheme’s medical rules.
Life assurance before retirement – a lump sum and a pension for your dependants if you die whilst in service.
Inflation-linked pension increases after you retire.
A guarantee – that, if you die within five years of retirement, your dependants will receive the balance of five years’ of your pension, as well as their own dependants’ pension.