How ProfitShare works
We'll review our financial strength and performance at the end of the year.
We'll work out if ProfitShare can be awarded.
We'll add your award to a separate ProfitShare account within your plans.
You'll see the value of your ProfitShare account in your yearly statements or by logging into our online service.
You can take the value of your ProfitShare with the rest of your pension after age 55. This will increase to age 57 from 6 April 2028. You can take the value of your ProfitShare in your ISA at anytime.
ProfitShare information
- ProfitShare awards will be based on the value of the pension savings and ISA investments you have invested with us on the date they’re awarded.
- ProfitShare also includes any pension transfers, ISA transfers and single contributions you make to your plans - not just any regular contributions you make.
- Each year, we’ll aim to award ProfitShare but there’s no guarantee we’ll be able to make an award every year.
- If you have pension savings invested in our with profits fund, your ProfitShare will be calculated in a slightly different way. You can find more detail in the Royal London With Profits Fund factsheet.
- ProfitShare awards will be applied in April each year as long as your plans were in force on 31 December the previous year and on the date the award is given.
- ProfitShare doesn't count as a contribution, so it doesn't affect your annual pension allowance or your annual ISA allowance and the contributions you can make to your plans each year.
- ProfitShare awards will be invested in the same investment choice as your other pension savings and ISA investments.
More about ProfitShare
Learn how ProfitShare works and how it could make a difference for you