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Retirement countdown

The important milestones as you approach your retirement years. Check a time period below for a quick check list of what you should be considering at that stage.

15 years

It may seem like a long time until retirement but our investment approach means we’re already thinking ahead.

If you invest in the ‘cautious’, ‘balanced’ or ‘adventurous’ profiles, your money will gradually switch to more secure/lower risk investments, to safeguard your savings as you get closer to your chosen retirement date. This ‘glidepath’ process begins 15 years before you retire. So if you plan to retire at 65, we’ll start your glidepath when you turn 50.

Important: If your policy started before 1 February 2011 it will have been set up with either a 4 or 5 year glidepath. Policyholders were notified of the glidepath changes in their first annual statement issued after 1 February 2011. Policyholders with more than 15 years to their selected retirement age were automatically moved to the 15-year glidepath, unless they advised us otherwise.

If you think you might retire earlier or later than your chosen retirement age, this will affect your glidepath. You can change your retirement date in your Online Account.


6-10 years

Now’s the time to take a good look at your retirement. There’s still time to plan ahead if you think you won’t have enough to retire.

How much will you need to live on? »
Work out how much income you’ll need to pay for the retirement you want.

Will you have enough retirement income? »
Add up your total income from personal and employer pensions, the State Pension and any savings you have.

Ways to boost your retirement income »
If your retirement income falls short of your expected outgoings, there are plenty of ways to boost your income.


2-5 years

Retirement is getting closer. Start thinking about how you’d like to retire and what you want to do with your time. This will help you work out when to retire.

When and how do you want to retire? »
You can choose when you want to retire, and how you access your pension savings after you turn 55. You can continue to work full-time or part-time and take cash from your pension pot.

Will you have enough retirement income? »
Add up your total income from personal and employer pensions, the State Pension and any savings you have.

Other ways to boost your income »
If your retirement income falls short of your expected outgoings, there are plenty of ways to boost your income.


1 year

Take time to look at your options for creating your retirement income and choosing what’s best for you and your loved ones. If you want to carry on working, discuss this with your employer.

When and how do you want to retire? »
If you haven’t already, you can choose when you want to retire, and how you access your pension savings after you turn 55. You can continue to work full-time or part-time and take cash from your pension pot.

What are your options? »
You have four options when it comes to taking your pension. You can mix and match how you take your income and lump sums.

Ways to boost your retirement income »
What if you can’t afford to retire? If your retirement income falls short of your expected outgoings, there are plenty of ways to boost your income.


6 months

With retirement only months away you should have a clear idea about how you want to take your pension. Look out for information from your pension providers that will tell you how to claim your money.

What are your options? »
Review your income options at retirement. You can mix and match how you take your income and lump sums. You don’t have to make your mind up now; you can leave your money invested if you don’t need it straightaway.

What’s best for you? »
Pension Wise – the free government service – will give you impartial guidance to help you decide how to take your pension savings. You can get information from the website, over the phone or face-to-face.

Taking your pension with EasyBuild »
You can take your money from EasyBuild in several different ways. Make sure you’re signed up with us online to choose your options.

Sign up to your Online Account »