Can I manage my Scottish Widows pension online?
Manage your account
Once you apply for a Retirement Account you can keep track of it online or over the phone. We'll also send you statements in the post. We'll let you know how to register online once you've set up your Retirement Account.
Can I take money out of my Scottish widow pension?
You can take some, or all, of your pension pot as a cash lump sum, or you can leave it invested. However you decide to take your benefits, you'll normally be able to take 25% of your pension pot tax-free. The rest will be subject to tax.
How much pension does a widow get?
The Government of India provides financial assistance through widow pension plan. The recipient gets Rs. 300/ month starting from the date of death of her husband. The pension is transferred to the account of the recipient directly.
Can I withdraw my Scottish Widows pension before 55?
If you are in ill health you can take your pension benefits before the age of 55, and may be able to take your whole pension pot as tax free cash. If this is the case, then transferring into a retirement account may not be right for you.