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Pensions with LV=

Call us for a free chat on 0800 756 8847

Lines open: 8.30am to 6pm Monday to Friday

Save for your retirement with a pension from LV=

A pension is a way of saving for your future to enable you to support yourself financially when you retire. It's a tax efficient 'wrapper' used to secure an income for you when you stop working and reach retirement age. Whilst that may seem like a long way off now, it's never too early to start saving now so you can continue to enjoy a good quality retirement in years to come.

With a pension from us, you’ll get a self-invested personal pension called a flexible transitions account. Our flexible transitions account gives you choice and flexibility about where your money is invested and you can even transfer any existing pensions into it.

What you'll get with a flexible transitions account

Our pensions are designed for people who want to take advantage of the wide range of investment options, but who would prefer to do this with the help of a Financial Adviser, rather than do so alone. With a pension from us you’ll be able to:

  • Make regular or single payments up to age 74
  • Transfer other pensions up to age 85
  • Save in a tax efficient way with a wide range of investment options
  • Be flexible with your contributions and the benefits you take
  • Switch investments between the options available whenever you like
  • Choose how much involvement you have in any investment decisions

How our pension helps you in retirement

Your Income needs will probably change during retirement so we’ve ensured our pension offers the options you may require, from the flexibility of a drawdown pension in the early stages of retirement, to effective estate planning later.

  • A range of options to suit your personal circumstances
  • Tax free cash lump sum at retirement
  • Phased retirement, enabling you to phase the payment of cash lump sums and income from your fund moving gradually into retirement

As this pension is closely linked to investments, there are some important pieces of information you need to know. Read the Key Features document to find out if this plan is right for you.

Take a look at the daily updates fund prices.

Important things to consider

  • If you reduce your contributions or take your benefits earlier than planned, then your income may be less than shown in your personal illustration
  • If you choose to take income directly from your pension fund, these withdrawals will reduce the potential for future growth
  • Rising prices will reduce the buying power of your pension fund in the future
  • You can't cash in your plan at any time
  • You may normally only take benefits from your plan from age 55, or you may transfer to another provider at any time
  • Elements of the plan may be held in stock market related investments, so you are not certain to make a profit and may get back less than you invested
  • The tax treatment of the plan will, in part, depend on your personal tax status, which may be subject to change. Please refer to the Key Features for details of how contributions and benefits from your plan will be taxed. Any references to taxation are based on our understanding of current legislation and HM Revenue & Customs practice, which is subject to change
  • If the Government changes the tax treatment of this plan, any tax relief given on personal contributions paid could change
Green calculator

Pension calculator

  • Enter your pension value and contributions to calculate your pension pot size
  • See what retirement income your pension could give you
  • Find out how to maximise your savings

Have a commitment free chat with a Pension Specialist

Call us on 0800 756 8847

TextDirect: First dial 18001

Lines open: 8.30am to 6pm Monday to Friday. We may record and/or monitor calls for training and audit purposes.

Start your conversation with a pension specialist today by telling us about:

  • Your current pension pots
  • Any contributions you're making
  • How much you've already saved

More information on pensions

Fund prices

Take a look at the latest fund prices for the LV= Flexible Transitions Account.

LV= Banks

A complete list of all the ways we deposit cash within a Flexible Transitions Account.

State pension

Find out how much the state pension is, and calculate your retirement age.

Lost pensions

Track down your old pensions and unlock forgotten pension savings