{"organism":"Page","children":[{"organism":"Container.Raw","children":[{"organism":"Metadata","model":{"title":"What if I want to take my pension?","text":"\u003Cp\u003EOnce 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.\u003C/p\u003E\r\n\r\n\r\n","links":[{"name":"What if I want to take my pension?","value":"https://pensions.shell.co.uk/scpf/left-shell/what-if-i-want-to-take-my-pension.html"}],"image":{"src":"https://pensions.shell.co.uk/scpf/left-shell/what-if-i-want-to-take-my-pension/_jcr_content/root/metadata.shellimg.jpeg/1725441745985/looking-up-at-tall-tree.jpeg","alt":"Looking up at tall tree canope with the sun peering through","width":5533,"height":3124}},"id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content/root/metadata"},{"organism":"ContentOwner","model":{},"id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content/root/contentowner"},{"organism":"Container.Header","children":[{"organism":"Container.Raw","ref":"https://pensions.shell.co.uk/_jcr_content/root/header/inherited.model.json","id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content/root/header/inherited","model":{}},{"organism":"Breadcrumb","model":{"links":[{"name":"Home","value":"https://pensions.shell.co.uk/"},{"name":"SCPF","value":"https://pensions.shell.co.uk/scpf.html"},{"name":"I have left Shell","value":"https://pensions.shell.co.uk/scpf/left-shell.html"},{"name":"What if I want to take my pension?","value":"https://pensions.shell.co.uk/scpf/left-shell/what-if-i-want-to-take-my-pension.html"}]},"id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content/root/header/breadcrumb"}],"id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content/root/header","model":{}},{"organism":"Container.Main","children":[{"organism":"Container.Section","children":[{"organism":"PageHeader","color":"inherited","model":{"title":"What if I want to take my pension?","text":"\u003Cp\u003EOnce 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.\u003C/p\u003E\r\n\r\n\r\n\r\n\r\n","image":{"src":"https://pensions.shell.co.uk/scpf/left-shell/what-if-i-want-to-take-my-pension/_jcr_content/root/main/section/page_header.shellimg.jpeg/1725441843215/looking-up-at-tall-tree.jpeg","alt":"Looking up at tall tree canope with the sun peering through","width":5603,"height":1400}},"id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content/root/main/section/page_header"},{"organism":"Container.List","colspan":8,"colstart":3,"children":[{"organism":"AccordionItem","color":"inherited","id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content/root/main/section/list/list_item","model":{"title":"How much pension will I get?","text":"\u003Cp\u003EYour pension benefits are set out in the letter you received from the Pensions Administration Team after you left.\u003C/p\u003E\r\n\r\n\u003Cp\u003EIf you joined the SCPF before 1 January 2009, your pension at date of leaving will be revalued over the period from your date of leaving to date of retirement, increasing in line with increases in the Retail Prices Index (RPI) up to 7% each year.\u003C/p\u003E\r\n\r\n\u003Cp\u003EIf you joined the SCPF on or after 1 January 2009, your pension at date of leaving will be revalued over the period from your date of leaving to date of retirement, increasing in line with increases in the Retail Prices Index (RPI) up to 5% each year.\u003C/p\u003E\r\n\r\n\u003Cp\u003EIn the first year after leaving active service the increase will be pro-rated reflecting the fact that the pension being increased has been in deferment for less than a full year.\u003C/p\u003E\r\n\r\n\r\n"}},{"organism":"AccordionItem","color":"inherited","id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content/root/main/section/list/list_item_copy","model":{"title":"What if I have paid AVCs?","text":"\u003Cp\u003EIf you have paid \u003Ca href=\"https://pensions.shell.co.uk/scpf/contact.html\" target=\"_self\"\u003EAdditional Voluntary Contributions (AVCs)\u003C/a\u003E, you can take your AVC benefits at the same time as your main SCPF benefits or later, up to age 75.\u003C/p\u003E\r\n\u003Cp\u003EIf you take your AVC benefits at the same time as your main SCPF benefits, you will be able to take all of your AVC fund as a cash lump sum, provided it doesn’t exceed 25% of the value of your total pension benefits. Alternatively, you can use it to buy additional annual pension.\u003C/p\u003E\r\n\u003Cp\u003EIf you take your AVC fund later than your main SCPF benefits, you will only be able to take up to 25% of your AVC fund as a cash lump sum.\u003C/p\u003E\r\n"}},{"organism":"AccordionItem","color":"inherited","id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content/root/main/section/list/list_item_copy_2085403172","model":{"title":"Will I be notified of my options automatically?","text":"\u003Cp\u003EIf you wait until Pension Age to take your pension, you will receive details of your options shortly before you reach Pension Age. It is important to make sure you tell the Pensions Administration Team when you change address, otherwise payment of your benefits may be delayed. You can do this by completing the \u003Ca href=\"https://pensions.shell.co.uk/scpf/resources/forms.html\" target=\"_self\"\u003EChange of Personal Details form\u003C/a\u003E.\u003C/p\u003E\r\n"}},{"organism":"AccordionItem","color":"inherited","id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content/root/main/section/list/list_item_copy_922963510","model":{"title":"What if I want to retire before Pension Age?","text":"\u003Cp\u003EYou can request an early retirement quotation from the \u003Ca href=\"https://pensions.shell.co.uk/scpf/contact.html\" target=\"_self\"\u003EPensions Administration\u003C/a\u003E Team, who will confirm the procedure if you wish to take your pension early. Your pension will be reduced to reflect the longer time it will be paid. The early retirement reduction factor applied is currently 3.5% for each year you retire before Pension Age. This factor is subject to regular review and may change in the future.\u003C/p\u003E\r\n"}},{"organism":"AccordionItem","color":"inherited","id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content/root/main/section/list/list_item_copy_1057059559","model":{"title":"Can I take a cash sum as well as a pension?","text":"\u003Cp\u003EYes, you can either take a pension only, or elect to give up some (up to a maximum of 25% of the capital value) of your pension, for a tax-free cash sum. This is called the Pension Commencement Lump Sum (PCLS) .\u003C/p\u003E\r\n\u003Cp\u003EPlease note that commutation factors are changing with effect from 1 October 2024 to reflect market conditions, such that the cost of converting pension to a lump sum at retirement will increase. The factors are used when a member chooses to convert some of their pension to a lump sum at retirement and are subject to change from time to time. The maximum lump sum to which you are entitled will depend on the factors in force as at the date of your retirement.\u003C/p\u003E\r\n"}}],"id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content/root/main/section/list","model":{}},{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content/root/main/section/text","model":{"text":"\u003Ch3\u003EUseful documents\u003C/h3\u003E\r\n\u003Cp\u003E\u003Ca href=\"https://www.scpfbooklet.com/\" target=\"_blank\"\u003ESCPF Explanatory booklet\u003C/a\u003E\u003C/p\u003E\r\n"}}],"id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content/root/main/section","model":{}},{"organism":"Container.Section","color":"brand1-subtle","children":[{"organism":"PromoCard","color":"brand1","colspan":4,"id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content/root/main/section_846242270_co/promo","model":{"title":"What happens if I die?","text":"\u003Cp\u003EIf 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.\u003Cbr\u003E\r\n\u003C/p\u003E\r\n\r\n\r\n","links":[{"value":"https://pensions.shell.co.uk/scpf/left-shell/what-if-i-die.html"}],"image":{"src":"https://pensions.shell.co.uk/scpf/left-shell/what-if-i-want-to-take-my-pension/_jcr_content/root/main/section_846242270_co/promo.shellimg.jpeg/1725869112413/yellow-crab-outside.jpeg","alt":"Yellow crab moving on sand","width":5150,"height":2897}}},{"organism":"PromoCard","color":"brand1","colspan":4,"id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content/root/main/section_846242270_co/promo_copy_copy","model":{"title":"What if my personal details change","text":"\u003Cp\u003EIf any of your personal details like address, marital or civil partnership status change you should notify the \u003Ca href=\"https://pensions.shell.co.uk/scpf/contact.html\" target=\"_self\"\u003EPensions Administration Team\u003C/a\u003E\u003Cbr\u003E\r\n\u003C/p\u003E\r\n","links":[{"value":"https://pensions.shell.co.uk/scpf/shell-pensioner/what-if-change-of-personal-details.html"}],"image":{"src":"https://pensions.shell.co.uk/scpf/left-shell/what-if-i-want-to-take-my-pension/_jcr_content/root/main/section_846242270_co/promo_copy_copy.shellimg.jpeg/1725443964076/skyscape-with-clouds-over-the-sea.jpeg","alt":"Sea and sky","width":5288,"height":2975}}},{"organism":"PromoCard","color":"brand1","colspan":4,"colstart":9,"id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content/root/main/section_846242270_co/promo_copy_copy_1876","model":{"title":"What if I want to transfer my pension?","text":"\u003Cp\u003EYou 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.\u003Cbr\u003E\r\n\u003C/p\u003E\r\n","links":[{"value":"https://pensions.shell.co.uk/scpf/left-shell/what-if-i-want-transfer-benefits.html"}],"image":{"src":"https://pensions.shell.co.uk/scpf/left-shell/what-if-i-want-to-take-my-pension/_jcr_content/root/main/section_846242270_co/promo_copy_copy_1876.shellimg.jpeg/1725286623892/flowers-in-a-field-with-sun-shining.jpeg","alt":"Flowers in a field with sun shining","width":5590,"height":3150}}}],"id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content/root/main/section_846242270_co","model":{"title":"More in I have left Shell"}}],"id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content/root/main","model":{}},{"organism":"Container.Footer","children":[{"organism":"Breadcrumb.Large","model":{"links":[{"name":"Home","value":"https://pensions.shell.co.uk/"},{"name":"SCPF","value":"https://pensions.shell.co.uk/scpf.html"},{"name":"I have 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pension.","links":[{"name":"canonical","value":"https://pensions.shell.co.uk/scpf/left-shell/what-if-i-want-to-take-my-pension.html"},{"name":"errorUrl","value":"https://pensions.shell.co.uk/error.html"},{"name":"hierarchy","value":"en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension"},{"name":"homeTitle","value":"Shell Pensions in the UK"},{"name":"homeUrl","value":"https://pensions.shell.co.uk/"},{"name":"locale","value":"en-GB"},{"name":"title","value":"What if I want to take my pension? | Shell Pensions in the UK"},{"name":"textDirection","value":"ltr"},{"name":"template","value":"base"},{"name":"contentPath","value":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension"},{"name":"externalDisclaimerText","value":"Shell plc Legal Disclaimer\r\nYou are now leaving the Shell global website.\r\nThe link you have selected will direct you to a website that is not controlled by Shell plc or any member of the Shell Group. Accordingly, neither Shell plc nor any member of the Shell Group endorses, adopts, certifies or otherwise validates the information and material contained on the linked website. This includes its sponsor and any policies, activities or services offered on the site, by any advertiser on the site or linked to the site.\r\nThank you for visiting the Shell global website."},{"name":"themeMode"},{"name":"lastModified","value":"2024-09-09T08:05:12.423Z"},{"name":"themeName","value":"base"},{"name":"themePath","value":"/etc.clientlibs/amidala/clientlibs/theme-base"},{"name":"themeCss","value":"/etc.clientlibs/amidala/clientlibs/theme-base.ACSHASHb291465fc8d3c7bcefde74d34044b698.css"}],"image":{"src":"https://pensions.shell.co.uk/scpf/left-shell/what-if-i-want-to-take-my-pension/_jcr_content/root/metadata.shellimg.jpeg/1725441745985/looking-up-at-tall-tree.jpeg","alt":"Looking up at tall tree canope with the sun peering through","width":5533,"height":3124}},"id":"/content/shell/business/pensions/en_gb/scpf/left-shell/what-if-i-want-to-take-my-pension/jcr_content"}