Top

Ready to retire
60+

Is everything in place for you to retire? Have you thought about how you’ll take your pension and if you’ve saved enough? Remember you can choose to retire at any time after the age of 55, but before going ahead, you might want to consider if you've saved enough for the retirement that you want.

Top
Top

What are my retirement options?

There are several ways that you can use your Pension Account when you reach retirement. It’s important to think carefully about this, and make sure you know what your options are as the choices you make now will affect how much money you have to spend for the rest of your life. You may also want to consider getting a financial advisor to help plan your retirement.

The retirement options section of this site explains in more detail what you could do with your pension.

Top
Top

Are my investments right for me?

You can keep track of your investments and fund performance by logging in to the pension portal. You may want to check that your investment choices match your retirement plans and the level of risk is right for you. For full details of how investments work and your investment options, go to the investment section of this site.

Top
Top

How much is my State Pension?

It is likely that the State Pension will feature in your retirement planning. You can find out how much your State Pension will be worth on the Government website at www.gov.uk/check-state-pension

Top
Top

What happens if I have already left the Scheme but want to take my pension?

If you left the Scheme or stopped working for the Bank and you haven’t transferred your pension to another arrangement, then your funds will remain invested and you should look at your retirement options. You can contact the Scheme for an estimate of what you might receive or check your latest annual benefit statement. You can also keep track of your pension by logging into your pension portal. The retirement options section of this site explains in more detail what you could do with your pension.

Top
Close