Using your pension pot when you retire | News | Home

When you retire, you can use the money you’ve built up in the Retirement Savings Plan to:

buy a guaranteed income for life (annuity)
take a cash lump sum (25% of which is tax free)

You can either choose one of these options or combine them.

If you want more flexibility, you can transfer your Retirement Savings Plan pension to another pension arrangement. Unilever has set up a Master Trust with Fidelity which gives you additional options such as drawdown (allowing you to take a regular income directly from your pot while keeping some money invested).

There are no fees for moving your money to the Fidelity Master Trust.

Find out more about the Fidelity Master Trust

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The aim of this website is to outline the benefits available from the Fund. It does not go into as much detail as the legal document governing the Unilever UK Pension Fund – its 'trust deed and rules'. If there are any differences between the trust deed and rules from time to time in force and this website, the trust deed and rules will apply. Some members’ benefits and options may be subject to certain special arrangements, which are not described on this website. Please check with the Unilever Pensions Team if any special arrangements apply to you.

Unilever UK Pension Fund Trustees Limited is the Trustee of the Fund. Throughout this website, ‘Trustees’ means the Directors of Unilever UK Pension Fund Trustees Limited.

This website does not give any rights to particular levels of contributions or benefits. Unilever reserves the right to end your employer’s participation in any section of the Fund and, with the Trustees’ agreement, to make changes to the Fund.

Anything in this site about legal or tax issues is based on the Trustees’ understanding of these issues at the current date and is a high-level guide only. Legal and tax issues may change from time to time. The Trustees cannot give tax advice in relation to the application of tax rules or legislation and it is each member’s responsibility to take advice on their own tax position.