What if I leave Shell?

You will become a deferred member.

A deferred member is one that has stopped paying into the scheme but is not yet receiving a pension.

As a deferred member you will receive an Annual Benefit Statement which shows the benefits you have accrued and any pensions increase that has been applied and how much they will be worth at Pension Age.

You can take an immediate pension or defer taking your pension until Pension Age.

If you take an immediate pension it will be reduced for each year it is drawn earlier than Pension Age, to take account of it being paid for longer. The Pensions Administration Team can advise you on what you need to do in order to take your pension.

If you do nothing your pension benefits will automatically be deferred until your Pension Age or earlier date that you decide to take your pension.