What is investing?

Investing is the process of choosing where to place your money with the aim of growing its value over time. Investing is risky, as investment values can go down as well as up, so you need to think carefully about where you choose to invest your money.

The Plan offers three Lifestyle Options and a number of Self Select options for investing.

Self Select:
For members who want to actively choose and move their money around depending on their age and market conditions. You can choose from a range of funds with varying levels of risk, but the funds won't automatically switch to safer funds as you approach retirement.

You can find out more about your investment options by reading the Member Investment Leaflet.

Or:

Lifestyle Options:
Lifestyle Options are ideal for members who are uncomfortable choosing their own funds or those who don’t want to monitor and move their funds around. 

You have the following options:
Cash Lifestyle Option

This is where you use the money in your Pension Pot to provide you with a cash lump sum. 25% will be paid tax-free and the rest will be taxed at your normal tax rate.

You’ll need to consider whether taking all your cash in one go is the best choice for you, as you will not get any more money from your Pension Pot if you do.

We would recommend that you speak to an independent financial adviser (IFA) before you make any decisions; you can find one in your area at www.unbiased.co.uk

Annuity Lifestyle Option

This is where you use the money in your Pension Pot to buy an income payable for life with an insurance provider.

You can use your entire Pension Pot to buy an annuity, or take up to 25% as a tax-free lump sum and use the rest to buy an annuity.

You’ll have lots of choices when it comes to buying an annuity, such as:

    • Which insurance company you choose;
    • Whether you want to leave your dependents a pension if you die before them;
    • Whether you want a flat rate income or whether you want it to increase every year.

There are many other factors to consider, and they will all affect how much you will get when you retire, so it’s important that you think carefully about what you need. We would also recommend that you speak to an independent financial adviser (IFA) before you make any decisions; you can find one in your area at www.unbiased.co.uk

Drawdown Lifestyle Option

This is where you take lump sums as and when you need or want them. William Hill doesn’t offer drawdown as an option, so if you want to take this option, you would need to make arrangements to transfer the value of your Pension Pot to another provider.

The amount of tax you pay on the lump sums you take will depend on how much you take in a tax year and how much income you get from other sources (such as other pensions or jobs you might have).


Watch to learn more about investments.

Investments
Investments
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