SPS Argos Section

Video suite

Hello and welcome to our video suite.

We’ve created these bite-size videos to help you understand your Sainsbury’s pension and the options you have for taking it.

If you’re thinking about retiring soon, you can ask the Scheme administrator for a retirement pack. Our first video takes you through the information you’ll see in your pack and the forms you’ll need to fill in.

You might want to take some of your pension as cash or transfer it out of the Scheme if you want to access it more flexibly. If you’re thinking about transferring your pension out of the Sainsbury’s Pension scheme, it’s important to learn a little more so that you make an informed decision about what to do next. Most people are better off staying in a defined benefit pension rather than transferring out, but in some cases a transfer out can be the right option for some people. The video ‘Should I stay or should I go?’ takes you through the pros and cons of each.

It’s a big decision whatever you decide, so the Trustee has appointed LV= to support you when making a decision about your pension. The Trustee has negotiated a competitive, fixed-rate advice fee with LV= for general retirement advice.

Your retirement options

Your retirement options pack

 

Should I stay or should I go?

How safe is your pension?

 

How to avoid pension scams

Protecting your loved ones

 

Defined benefit vs Defined contribution

Retirement options in a defined contribution pension

 

Tax limits

Your PIE option

 

What happens when? Advice and the transfer process