Pension Flexibilities Webcast

The Pension Flexibilities webcast is designed to give you an overview of the retirement income options available from defined contribution pensions. There are now a wide range of choices available when deciding how you would like to receive a pension income. The webcast reviews what the choices are, and also considers the potential advantages and drawbacks of the different options that are available to you.

The rules relating to pensions are complicated and your personal circumstances may mean you are impacted by rules that are not detailed within this webcast. You should always seek regulated financial advice if you are unsure.

N.B This webcast reflects the 2023/24 tax year. 

So that you can easily find the content relevant to you at any particular time the webcast has been split in to the following 6 modules:

• Pension Plans the basics
• The April 2015 changes
• Income options from your defined contribution pension savings
• What the changes might mean for you
• Taxation of pension benefits on death
• Further information

Module 1: Pension Plans the basics

This module reviews the difference between various types of pension plans and considers the limits on tax efficiency that apply regardless of what type of plan you may be in.

If you would like more information about the GSK Pension Plan and the investment options available, you should refer to the UK HR page on Connect GSK or the GSK Pension Plans module of the Introduction to GSK Total Reward webcast.

Module 2: The April 2015 changes

This module explores what the 2015 pension changes are and the choices that may be available to you for generating a pension income from your DC pension savings.

Module 3: Income options from your defined contribution pension savings

This module looks at the income options that are available to you from your defined contribution pension savings.

It is important to note that not all plans or providers are able to offer all of the options discussed in this module and different plans and providers may impose different restrictions.

Module 4: What the changes might mean for you

This module explores some of the potential advantages and considerations that may apply when deciding on what the most suitable income option may be for you.

Visit gov.scot for information on Scottish Tax.

Module 5: Further information

The purpose of this module is to look at where you can go to get further information and advice following the topics that have been covered in the Pension Flexibilities webcast.