Factsheets for Active and Deferred Members
Annual Allowance and Lifetime Allowance
The following factsheets are designed to advise members of the Shell Contributory Pension Fund (SCPF) about the current Annual Allowance rules and the ‘Scheme Pays’ option available in some circumstances if they believe that they are subject to an Annual Allowance tax charge.
The Lifetime Allowance factsheet explains the limits to the amount of pension savings that you can build up over your life time without incurring a tax charge.
SCPF Annual Allowance factsheet
Annual Allowance Charge - Scheme Pays Option factsheet
SCPF Lifetime Allowance factsheet
Absence
This factsheet provides information for members of the SCPF on the effect of various types of absence from work on SCPF pension benefits.
Base Country
This factsheet is for UK base country employees in the SCPF or SOCPF
Leavers
This factsheet provides information that will be useful to you if you are leaving the SCPF without any pension entitlement.
Leavers without pension entitlement factsheet
Opting Out
This factsheet provides information you should consider before making a decision to opt out of the SCPF.
Opting out of the SCPF factsheet
Part-Time working
This factsheet provides information for members of the SCPF on the effect of a change in contractual hours has on SCPF pension benefits.
Adult Dependants
These factsheets provide the information you need if you want to nominate an adult dependant (other than a spouse or civil partner) to receive pension benefits in the event of your death.
SCPF Adult Dependant factsheet for active members
SCPF Adult Dependant factsheet for deferred and pensioner members
Divorce
This factsheet contains details of your options if you divorce or your civil partnership is legally dissolved and you agree to split your pension benefits.
SCPF pensions on divorce factsheet
Transfers
This factsheet contains the information you should read if you are leaving Shell and considering transferring pension benefits out of the SCPF.
Transfers out of the SCPF factsheet
Pension Scams
This guide has been published by The Pensions Regulator (TPR) warning individuals of the potential risks of transferring their pensions in certain circumstances.
Click here to view the guide.
Factsheets for Pensioners
Guaranteed Minimum Pension
If you were a member of the SCPF before 5 April 1997, you will have a Guaranteed Minimum Pension (GMP) element to your pension. This factsheet explains what the GMP is and how this affects you.
Living outside the UK
If you are living outside the UK, or are considering moving abroad, there are several aspects to consider in connection with your SCPF pension. This factsheet aims to give you the information you need together with the answers to frequently asked questions.
Living outside the UK factsheet
AVCs factsheets
Manage Your Account
This factsheet provides details of how you can manage your AVC account online, including making changes to your investment choices.
AVCs Manage Your Account factsheet
Legal & General
This factsheet gives an update from Legal & General on their bonuses for the year ending 31 December 2017.
