Step 1
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Step 4
Get an estimate
Log into My Pension Online to see:
- Your projected pension and lump sum at different dates
- The impact of taking more lump sum
- Early-retirement reductions or increases if delaying after Normal Pension Age
Tell your employer
If you’re an active member:
- Let your employer know at least 1 month before your chosen retirement date
- They’ll send your final pay and retirement details to Lothian Pension Fund
- Delays in your employer sending us the information may result in a delay in your first pension payment.
Choose your options
When your retirement is ready to process, you need to do the following:
- Select your lump sum amount
- Choose how to take any AVCs
- Confirm your decision online through My Pension Online or by post
How payments are made
- The lump sum is paid directly to your bank
- Your pension paid monthly in arrears (15th of the month)
- If your retirement date is close to the 15th, your first payment may be in the following month.