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Tesco Retirement Savings Plan

How can I take my savings?

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How can I take my savings?

  • From age 55, you can take your savings all as cash (25% tax-free), a bit at a time or as a guaranteed regular income.
  • The Tesco Lifestyle Cash Option will assume you want to take your savings as cash and will target your investments for that option.
  • If you do not want to take your savings as cash when you retire, let us know at least 5 years before you want to retire.
  • You can take up to 25% of your savings as tax-free cash regardless of what you decide to do with the rest.
  • When you get closer to retirement, we’ll help you understand the choices you have, including any tax implications.

For more information on how you can take your savings when you retire, go to How can I take my savings when I retire.

How can I take my savings?