The retirement process
Learn about the process now to ensure a smooth retirement.
Unless you've told us otherwise, we will assume that you want to retire at age 65. You can select a different retirement age at any time on PlanViewer or by contacting Fidelity.
When you can use your money
Fidelity will contact you 5 years before your selected retirement age with a pack about retirement.
Before you choose to retire you should think about:
-
How much you need to live off
- How much you’ll get from all your pensions, including your State Pension
- When you can claim your State Pension
Use the retirement planning pages to help you with this. You can find out how much you might get at retirement and what your options are at any time.
What happens
- Fidelity will contact you with a pack about retirement
What you should do
5 years before retirement age
What happens
- Fidelity will send you a detailed retirement pack explaining your options
What you should do
6-12 months before retirement age
What you should do
- Review the advice and guidance you’ve received and make a decision
- Let your manager know when you’re planning to retire. You’ll need to tell them in writing that you want to resign from Unilever. Check how much notice you need to give. Generally speaking, this will be:
- 1 calendar month for WL1 employees
- 3 calendar months for WL2 and above employees
- Send your completed pension forms to Fidelity
3-6 months before retirement age
What happens
-
Fidelity will process your forms and your pension pot can then be used for the option you’ve chosen
0-3 months before retirement age
What happens
Depending on what you’ve chosen, you’ll get:
- Details about your pension payments and who to contact if you have queries
- Details about any drawdown or lump sum payments you’ve requested
At retirement
Additional planning resources
Use PlanViewer for savings in the Retirement Savings Plan, including viewing the current value.
Go to the retirement options page to view your options.
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