You want to have enough income to enjoy a happy and fulfilling retirement.
So it’s well worth thinking about roughly when you wish to stop working and letting us know.
You can change your target retirement age whenever you want, but if you let us know what you have in mind, we can make the right choices for you and correctly project the value of your pension in retirement.
If you intend to retire earlier or later than 65, you can tell us via the Creative Pension Trust Member Portal, where you can easily change your target retirement age, and you won’t have to take your pension benefits until you are ready.
If we know when you plan to retire, we can provide you more accurate projections of what your pension will be worth when you retire.
You can access your pension any time from the age of 55 and above (or from age 57 starting in 2028).
Check out our Retirement Guide in the Creative Pension Trust Member Portal to learn more about the options open to you.
We can take advantage of opportunities to grow the size of your pension pot before you want to stop working.
If you’ve selected your own investments, this does not apply to you, but you will need to review them regularly to make sure they’re appropriate for you.
We offer members access to a range of Target Date Funds, which aim to do much of the hard work for you and are designed for those who may want flexibility in how and when they draw their pension at retirement.
You might not know right now exactly when you wish to retire, but if you give us a target age now, you can change your mind whenever you like.
If you don’t tell us, we will assume you plan to stop working at 65, and your pension forecasts and investment choices might not reflect your actual hopes and plans.
If you are over 50 and have started thinking about your retirement, you can seek guidance at www.pensionwise.gov.uk.
You don’t need to decide what you want to do with your Creative Pension Trust pension savings if you still want to carry on working and saving. You can keep your membership and continue.
You can use some or all of your pension savings to buy an annuity, a plan that provides a guaranteed income for either a fixed term or for the rest of your life.
You can access all your pension savings at once, similar to making a withdrawal from a savings account, although this will have tax implications and you will need other sources of retirement income.
You can access your pension savings flexibly, topping up your income as and when you need to, but leaving the rest of your savings to continue growing.
You’ll receive your username by email after you join us and make your first contribution. If you can’t find your username, you can retrieve it through the Creative Pension Trust Member Portal log-in page.
If you’ve forgotten your password, it can be reset from the Creative Pension Trust Member Portal log-in page. You just need your current username and to be able to answer one of your security questions.
For security reasons, your account will be locked if you make five unsuccessful attempts to log in. You can contact us to request that your account is unlocked.
