CHOOSE YOUR SCHEME

Welcome to the new look website, for members of a Lloyds Banking Group pension scheme.

If you joined the Group after 1 July 2010, you'll be a member of Your Tomorrow.

NOT YET A MEMBER?

If you’re an employee of Lloyds Banking Group and not a member of one of our pension schemes, it’s not too late to join, as long as you’re eligible.

IF YOU JOINED THE GROUP ON OR AFTER 1 JULY 2010

You’ll be automatically enrolled in Your Tomorrow on the day you join the Group. If you’re not yet a member, see joining.

IF YOU JOINED THE GROUP BEFORE 1 JULY 2010

HBOS colleaguesIf you were previously a member of the HBOS Group Money Purchase Scheme, or had the right to join, you became eligible to join Your Tomorrow from 1 February 2011.

Lloyds Bank colleaguesIf you were previously a member of a Lloyds Bank Pension Investment Plan (PIP), or had the right to join, you became eligible to join Your Tomorrow from: 1 August 2011 for non-Asset Finance and non-Commercial Finance colleagues 1 September 2011 for Asset Finance and Commercial Finance colleagues go to joining to find out more.

To view information about your benefits Log into YOUR PENSION
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Deferred benefits

What are deferred benefits?

Deferred benefits are benefits retained within your Scheme after you leave. Benefits are calculated at the date you leave and remain in your Scheme until you decide either to retire or to transfer them to an alternative pension provider.

How are my deferred benefits calculated?

Your deferred benefits are calculated using your Pensionable service and Final pensionable salary at the date you leave. You'll receive confirmation of your benefits when you leave the Scheme and an annual statement thereafter.

Will my deferred benefits increase?

Your benefits will be increased from the date you leave until the date you retire, in accordance with the provisions of the Scheme rules and statutory revaluation requirements. See Retirement benefits for more information on how this is calculated.

When can I take my deferred benefits?

If the Trustee agrees, you can take your benefits from age 55. However, your pension would be reduced to allow for the fact that it will be paid for a longer period than if you'd retired at your normal retirement age (NRA).

In the case of ill health, early payment will be considered at any age subject to satisfactory medical evidence.

What happens if I die without taking my deferred benefits?

Your spouse or dependant may be entitled to a pension and a lump sum.