More than two years
The total pension you have built up at the date you leave the plan becomes "deferred". This means it stays in the plan for you to draw at age 65 (or when your Unilever employment ends, if later). The pension is increased in line with inflation, up to 5%, each year until it comes into payment. You may be able to draw your pension early (see below).
You may also be able to transfer your plan benefits (including your Investing plan benefits) to another tax-approved arrangement – such as your new employer’s scheme or a personal or stakeholder pension plan, so long as that arrangement agrees to and can accept the transfer.
If you want to take a transfer, let us know. We work out how much your benefits are worth – the ‘transfer value’ – based on pension law and investment conditions at the time.
This means that transfer values change. The transfer value we give you for your Career average plan benefits is guaranteed for three months – if you take longer than that to make your decision, you will need to ask for a new transfer value.
Please bear in mind that until you and the new arrangement complete the necessary paperwork, the transfer cannot go through.