Members can choose from a number of retirement options to suit their personal circumstances and plans, enabling them to take full advantage of modern-day Pension Freedoms and Choice legislation.

Lump sum option

Members can fully encash their pension pot in one transaction.

Annuity option

Via Open Market Option, members can secure a regular retirement income using some, or all of, their pension pot, with an optional tax-free lump sum.

Deferred retirement

Members can choose their own Target Retirement Date and can continue working and growing their pension pot until they are ready to retire on their terms.

Flexible access

Members can choose to draw on their pension periodically or regularly, topping up their income when they need to by flexibly accessing their pension pot. We offer both Flexi-Access Drawdown or Uncrystallised Funds Pension Lump Sums (UFPLS) options within the scheme.

Your guide to the information on this page

Applies to Creative Workplace Pension
Applies to Creative Auto Enrolment Pension

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All members have access to a Retirement Guide, which explains the various options open to them. When ready, they can generate their own Retirement Pack so they can start to make decisions about their retirement. This pack can easily be downloaded from the Creative Pension Trust Member Portal from age 55.

We will write to every member a full 15 years before their Target Retirement Date and every 5 years thereafter to encourage them to actively consider their retirement planning and take any actions necessary to help support their future planning.

Made me realise how important it is to get things arranged.

Employee and Pension Scheme Member

I realised the necessity of sorting my pension out and decoding how I am going to do this.

Employee and Pension Scheme Member

Really informative.

Employee and Pension Scheme Member

It made me feel more aware of what I am doing rather than just relying on someone doing it for me.

Employee and Pension Scheme Member

Presentation was very thorough and outlined all the options available.

Employee and Pension Scheme Member

I didn't really fully understand pensions and how they worked prior to this and now I feel assured and confident to make a decision to save for my future.

Employee and Pension Scheme Member

Extremely useful presentation. The Creative representative explained the scheme in terms understandable by everyone.

Employee and Pension Scheme Member

It has helped me to feel in control of my pension.

Employee and Pension Scheme Member

It helped explain our options very simply so much easier to understand rather than the usual jargon.

Employee and Pension Scheme Member