Retiring from the plan
This section of the website explains how your deferred pension is calculated and how it increases. It also explains the choices you have about when to take your benefits and about whether to exchange part of your pension for a tax-free cash sum.
How your pension is calculated
As a deferred member, your pension was calculated at the date you left the Plan.
Read moreEarly retirement
This page is currently being updated (April 2011). Please contact us if you would like information on drawing your deferred pension.
Read moreLate retirement
Normally you must retire at normal retirement age (or the date you leave Unilever, if later). Special rules apply if you joined on or before 1 October 1987.
Read moreTax-free cash
With Unilever’s consent, you can normally exchange some of the pension you have built up for a cash sum, currently paid tax free – whatever age you retire.
Read morePension increases
Once in payment, your pension increases on 1 April each year, in line with inflation up to 2.5% a year.
Read moreTax allowances
Please note that the pension you are building up counts towards the Government's annual allowance and lifetime allowance…
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