UKAEA Pensions

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Personal and stakeholder pensions

Personal and stakeholder pensions are also a means of providing additional benefits on top of your United Kingdom Atomic Energy Authority pension scheme benefits. For more details see personal and stakeholder pensions.

If you are in any doubt about the benefits from the different types of additional contributions and which might be the most appropriate for you, you should contact an Independent Financial Adviser.

What if I begin purchasing added years and I leave to take up another job?

If you pay by deduction from your monthly salary the full cost of added years is spread over the period from the date of purchase to age 60.

If you resign before age 60 then you will receive the number of added years for which you have paid.

Your prorated amount of added years would, according to your choice, either count towards your service for a preserved award in the United Kingdom Atomic Energy Authority pension scheme or towards a transfer value payment to another pension arrangement.