The provisions and options in this section are based on our understanding of the current and proposed tax regimes.

The pension tax changes affect your personal tax status so it is your responsibility to ensure that you understand the impact of the changes. The Scheme and the Company cannot accept liability for any tax charges incurred.

The Group Pensions Department is not allowed to give you advice about your personal tax position. You could seek advice from a financial adviser – you can find information on financial advisers by visiting