Retirement Guide-archive - MRC Pension Trustee Limited

Retirement planning is a journey, not a single decision. Regularly checking in with your pension can help you understand your benefits, explore your options, and feel more confident about planning for the future.

Journey to retirement

15 years
to go

Start thinking about your future retirement plans

Log in to OneView to review your pension benefits and nominated beneficiaries.
Think about the lifestyle you may want in retirement and how your pension could support this.
Consider whether you may want to build additional savings alongside your Scheme benefits.
Make sure your contact details are up to date.

10 years
to go

Understand your options

Learn more about the retirement options available through the Scheme.
Review any Additional Voluntary Contributions (AVCs) you may have.
Start thinking about when you may wish to retire.
Consider taking independent financial advice to support your retirement planning.

5 years
to go

Start preparing for retirement decisions

Begin considering how and when you may wish to take your pension.
Review your wider financial plans and expected retirement income.
Understand the options available to you, including any tax-free cash choices.
If you haven't already, consider taking financial advice.

1 year
to go

Get ready to take your pension

Here are some key milestones to consider as you approach retirement.

Look out for your retirement pack, which will be issued in line with statutory guidelines.
Review your retirement options carefully before making any decisions.
Make sure your personal and banking details are up to date.
Contact the administrator if you have any questions about the retirement process.

Important to know

You should normally receive your retirement pack between 3 and 6 months before your Normal Retirement Age.