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How does the Tesco Retirement Savings Plan work?

The Tesco Retirement Savings Plan is basically a long-term savings plan with tax relief.

The money you save and Tesco pay in for you goes into your own retirement savings account.

Your savings are invested to help them grow over your working life, until you choose to take them. You can do this from age 55.

When you retire, you can usually take up to a 25% of your savings as a tax-free lump sum. What’s left, you can decide how to take in a way that suits you.

To see the different ways you can take your savings when you retire, go to How can I take my savings when I retire.