Your options

As an employee:

• Group Personal Pension plans are flexible. You can make contributions up to 100 per cent of your yearly earnings, or £3,600 gross if greater, each year and still get full tax relief including higher rate (if appropriate). You can pay this up to age 75, even if you are not working. However if your contributions exceed the Annual Allowance the excess will be subject to a tax charge.
• Group Personal Pension 2000 plans offer great flexibility - you can stop or start contributions according to your personal circumstances.
• You have considerable choice over where your contributions are invested with our Personal Pension 2000. We offer a comprehensive range of investment funds, including a With Profits option.
• You can normally take your pension when you're aged between 50 and 75, although the minimum retirement age will rise to 55 for those taking their benefits after 5 April 2010.
• You don't need to stop working to take your benefits.
• To give you more choice over where to invest your contributions, we offer a range of
  Legal & General and external funds.
• You can opt for a lifestyle profile that aims to reduce investment risk as you approach your chosen retirement age.
• You can take out a separate Pension Payment Protection Plan to protect your contributions, should you be unable to work due to sickness or accident.
• If you wish to invest in With Profits, there is a minimum plan term of five years.