Are you ready to access your pension money?

Understand how transferring to this plan works and the choices you have.

Important info

It’s important to understand your pension is a long-term investment so its value can go down as well as up and you could get back less than was paid in.

Transferring pension plans isn't right for everyone. Consider all the facts and decide if it's right for you. There's no guarantee you'll get more pension savings as a result of transferring. You could lose money by giving up valuable guarantees or benefits. If you're unsure whether it's right for you, you should seek financial advice.

The Standard Life DC Master Trust - Retirement Section

The Trustees of the DXC UK Pension Scheme are presenting you the Master Trust - Retirement Section as a solution that offers flexible ways to take your pension money.

This plan will allow you to flexibly access your pension savings via drawdown - including your tax-free cash - while leaving any remaining savings invested.

If you wish to immediately purchase a 'guaranteed income for life' (Annuity) before accessing Drawdown, then this product is not suitable for you. You may still be able to transfer to another product that is suitable, but you will need to check your current scheme rules with your provider.

Before you decide, it’s important you understand what both plans offer, and check you are not giving up any valuable benefits or guarantees in your existing scheme.  

You can and should shop around with other providers who may provide something more suitable for your own needs. You will find more information what to look out for in the retirement options page. The government backed Money Helper sitealso has useful information on shopping around.

Learn more

Not sure if this option is right for you?

  • Access to free impartial guidance

    We recommend you seek appropriate guidance or advice before making any decisions about your pension. You can get free guidance over the phone or face to face with Pension Wise, a service from MoneyHelper.

    Go to www.moneyhelper.org.uk/pensionwise  or call 0800 138 3944.

    Other MoneyHelper guides are also available at www.moneyhelper.org.uk 

  • Access to financial advice

    Using an adviser when you’re thinking about retiring can help you reach decisions based on your specific personal needs.

    The government's MoneyHelper service has a useful guide to help you find a financial adviser.

Be aware of scams

Fraudsters come up with new scams all the time to trick people into handing over personal information and access to their online accounts.

Find out how to spot a scam