Factsheets
The following factsheets give you additional information about situations that may affect you as a member of the SCPF.
Factsheets for Active and Deferred Members
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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
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Absence
This factsheet provides information for members of the SCPF on the effect of various types of absence from work on SCPF pension benefits.
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Base Country
This factsheet is for UK base country employees in the SCPF or SOCPF
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Ill Health
This factsheet is for Deferred members who would like to take their pension early due to ill health.
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Leavers
This factsheet provides information that will be useful to you if you are leaving the SCPF without any pension entitlement.
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Opting Out
This factsheet provides information you should consider before making a decision to opt out of the SCPF.
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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.
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Pensionable Shift pay
This factsheet provides information for members on the effect pensionable shift pay has on pension benefits.
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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
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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.
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Transfers
This factsheet contains the information you should read if you are leaving Shell and considering transferring pension benefits out of the SCPF.
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Pension Scams
When considering transferring your SCPF benefits, be aware of pension scams, take your time, do your research and never be pressured into making a hasty decision about your pension. Be ScamSmart, visit the FCA’s website for information on what to look out for: https://www.fca.org.uk/scamsmart
Factsheets for Pensioners
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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.
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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.
AVCs factsheets
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Manage Your Account
This factsheet provides details of how you can manage your AVC account online, including making changes to your investment choices.
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Legal & General
This factsheet gives an update from Legal & General on their bonuses for the year ending 31 December 2019.
More in library forms & helpful information
SCPF Library
The following SCPF documents are available to download.
Frequently Asked Questions
Click on the tabs below to find answers to questions relevant to you.