What if I want to take my pension?

You will have two separate pensions: a SCPF pension and a SOCPF pension, paid concurrently. Further information is available in the Linked Fund Membership and the Inter Fund Linking Rules (IFLR) factsheet.

If you leave Shell employment you can take your pension early (at age 55 or later). It will be subject to an early retirement reduction to reflect the longer time it will be paid.

You have two options:

• You can continue to work and remain an active member, and choose not to take your pension at Pension Age. This means your pension will continue to increase at the same rate as before Pension Age reflecting your extra Pensionable Service

or

• You can continue to work and take your pension at the same time. Note that you will be treated as a Retired Member for death benefits.

When you leave Shell after Pension Age, you must start to take your pension immediately, if it is not already in payment.

More information is available in the SCPF explanatory booklet. You are recommended to take independent financial advice before deciding which option is best for you.