The beauty of the Pension Portfolio is that it can evolve with you as your circumstances change. We think it's the ideal way for you to save for your retirement.
And because the different options are all part of the same plan, you won't need to set up a new pension if your needs change.
Clear charging structure
At Royal London, we want you to be clear about what you're paying for, so we've kept the Pension Portfolio charges as straightforward as possible.
What makes Pension Portfolio so special?
How you decide to make the contributions is up to you; the important thing is that you save for your retirement. To make this as easy as possible, we accept regular contributions, single contributions and transfer payments from any existing pension plans.
We offer a selection of professionally managed investment funds run by a number of leading investment managers. These funds invest in a wide range of different assets, from company shares (equities) to cash and property. We also offer a range of funds and lifestyle strategies from leading discretionary fund managers at very competitive costs.
This additional investment flexibility lets you invest in a fund supermarket and directly in a range of alternative investments, such as company shares and UK commercial property.
Accessing your money
Any time after age 55 you are able to use your plan value to:
- take regular, lump sum or one-off payments, including tax-free cash payments. Only 25% of what you'll be able to take will be tax-free,
- buy an annuity which will provide you with up to 25% tax-free cash and/or income,
- use Income Release, or
- use a combination of all the options.
Investment returns are never guaranteed so you could get back less than you put in.
Find out more
Download our Pension Portfolio Welcome Guide for more information.