Taking your Retirement Benefits from the HP Plan
Should you wish to consider taking retirement benefits contact the Administration Team or log in to the secure My pension area. Remember you will need your employee ID and date you’d like to take benefits.
We will then send you a statement of the amount of pension you may take, including AVC and lump sum options. We’ll also include the necessary forms for you to complete should you wish to proceed.
If you wish to proceed, complete and send the forms together with any other documents we request.
We will then
- immediately return any certificates we have requested
- disinvest any AVCs if applicable
- pay any lump sum due
- set up your pension benefit, with arrears, if applicable
- confirm your first payment, when made, and what it comprises.
We will also liaise with HMRC to determine your tax code, and make the necessary adjustments to your payments.
Your pension will increase at each 6th April as applicable.
You may take retirement benefits whilst still working for the Company.