The earliest age you are currently allowed to the claim your benefits from the Scheme is 55.

From 6 April 2028, the earliest age you can take your pension will increase to 57. So, from 6 April 2028 you'll need to be aged 57 or older before you can start taking money from your pension.

The only way you are allowed to take your benefits before this age is if you apply for early retirement due to incapacity and the Trustees approve your application.

 

 

No you are not currently able to take all of your benefits from either the money purchase or final salary section as a tax free lump sum.

The maximum amount of tax free lump sum you are currently allowed is 25% (or a quarter) of the value of your benefits. You may be able to take all your benefits as a one off taxable lump sum where a 25% will still be tax free but at the moment you must meet certain conditions.

More information can be found in the Retirement sections depending the type of member you are.

If you have left the Scheme click here.

If you are still an active member the Scheme click here.

Kingfisher Pension Scheme - Money Purchase

 

Kingfisher Pension Scheme - Final Salary.

This closed to all members on 30 June 2012.

Yes, you can carry on working and take your pension from either section of the Scheme.

If you would like further information and confirmation of the benefits payable to you please contact Hymans Robertson if you have final salary benefits and Legal & General if you have money purchase benefits only.