If you become seriously ill you may qualify for “serious ill-health commutation”, which means that all your pension benefits may be exchanged for a one-off lump sum.
I have left Shell
This section gives pension information for ex-employees of Shell, not yet in receipt of their pension.
In this Section
If you die after you have left Shell, but before your deferred pension starts being paid, immediate pensions are payable to your Qualifying Spouse and Children.
Once you have left Shell, your benefits will remain deferred until you decide to take your pension. You can wait until your Pension Age or take your pension benefits early, from age 55 onwards.
You can transfer the cash equivalent of your SCPF benefits to another Registered Pension Scheme, such as that run by your new employer, or to a personal pension, up to one year before Pension Age.