Thinking about retirement

How can I access my benefits?

Access the member portal

Regardless of whether you’re still working or already receiving your pension you can access personal information and Get the most out of your pension through the Member Portal. 

 

Thinking of retirement?

Members of the Scheme have normal retirement ages ranging from 60 to 65 depending on factors such as when they were in service and which category of the Scheme they accrued benefits within. However, you can currently retire any time from age 55.

 

Five years, ten years, two years away from when you plan to retire?

The more time you allow to plan for your retirement the better, as there are some big decisions to consider. We’re here to help you as you create your own retirement plan to ensure you make the most of your pension.

 

Thinking of transferring?

You may be able to transfer the benefits you’ve accumulated into another pension arrangement, such as a new employer’s pension plan, a personal pension, a stakeholder pension plan, or a buy-out contract. Pension transfers have specific rules, and specialised Independent Financial Adviser (IFA) advice is required if the transfer value of your Pfizer pension exceeds £30,000. If you would like a ‘Cash Equivalent Transfer Value’ (CETV) statement, please log in to the member portal. For independent advice, you can consult MoneyHelper or find Independent Financial Advisers in your area at www.unbiased.co.uk.

 

Already receiving your pension?

If you are already receiving your pension you can login to the member portal to access your payslips and P60s.

Can you afford the future you want?

Or are you just curious to find out what retirement might look like?

Our friendly team is ready to guide you through your options and help you decide which one suits you best.

£

The value you entered is below the PLSA living standard minimum – please enter a higher value to continue.

minimum

Required annual pension income:

£14,400 – £31,299

In summary:

A ‘minimum’ lifestyle covers all your needs, with some left over for fun and social occasions. You could holiday in the UK, eat out about once a month and do some affordable leisure activities about twice a week.

Average monthly spend: £1,200

moderate

Required annual pension income:

£31,300 – £43,099

In summary:

A ‘moderate’ lifestyle provides more financial security and more flexibility. You could have one foreign holiday a year and eat out a few times a month. You’d have the opportunity to do more of the things you want to do.

Average monthly spend: £2,609

comfortable

Required annual pension income:

£43,100 +

In summary:

A lifestyle that allows you to be more spontaneous with your money. You could have a subscription to a streaming service, regular beauty treatments, a foreign holiday and several UK minibreaks a year.

Average monthly spend: £3,592

minimum

Required annual pension income:

£22,400 – £43,099

In summary:

A ‘minimum’ lifestyle covers all your needs, with some left over for fun and social occasions. You could holiday in the UK, eat out about once a month and do some affordable leisure activities about twice a week.

Average monthly spend: £1,867

moderate

Required annual pension income:

£43,100 – £58,999

In summary:

A ‘moderate’ lifestyle provides more financial security and more flexibility. You could have one foreign holiday a year and eat out a few times a month. You’d have the opportunity to do more of the things you want to do.

Average monthly spend: £3,594

comfortable

Required annual pension income:

£59,000 +

In summary:

A lifestyle that allows you to be more spontaneous with your money. You could have a subscription to a streaming service, regular beauty treatments, a foreign holiday and several UK minibreaks a year.

Average monthly spend: £4,917