Unilever UK Pension Fund - Final salary plan

Active member Deferred member Pensioner member

Interested in topping up your pension?

Retiring from the plan

This section of the website explains how your pension is calculated and how it increases in retirement. It also explains the choices you have about when to take your benefits and about whether to exchange part of your pension for a tax-free cash sum.

How your pension is calculated

If you retire at normal retirement age (65), your pension is worked out like this…

Early retirement

If you have the Trustees' consent, you can currently retire and draw a pension at any age from 50 onwards. From 6 April 2010, however, this goes up to age 55 onwards.

Late retirement

If Unilever agrees, you may be able to keep working past age 65. If you decide to do this, you have several choices about how your benefits are treated.

Tax-free cash

With Unilever's and the Trustees' consent, you can normally exchange some of the pension you have built up for a cash sum, currently paid tax free – whatever age you retire.