SPS Sainsbury's Section

Thinking about taking your pension?

If you are aged 55 or older, you can decide to take your pension in the Sainsbury’s Pension Scheme at any time.

Retirement options guide

The retirement options guide can help you understand your options at retirement, which may include exchanging some pension for tax-free cash or transferring your pension out of the Scheme.

Some of our members also have the option to exchange future pension increases for a higher pension today, which is called the Pension Increase Exchange (PIE) option. You can find more – and watch a short video about PIE – by clicking on the link below.

PIE option

You can also watch the video below, which goes through the process of retiring from the Sainsbury’s Pension Scheme and gives a step-by-step guide to filling out the necessary paperwork.

If you’ve received a retirement pack and need more help, you can contact the Sainsbury’s Pension Team at Willis Towers Watson.