Retirement. It pays to plan ahead

Whether you’re just setting up your pension or you’re thinking about how to retire, our tax-efficient pension plans and flexible income drawdown plans can help you create the future you want. 

LFS Pension Plans

Two flexible and tax-efficient ways to save for your retirement. Start saving from as little as £20 a month and make regular or ad hoc payments as you want. Take up to 25% of your savings tax-free from age 55.

Find out more about our pension plans:

Personal Pension Plan
Stakeholder Pension Scheme

LFS Income Drawdown Plans

An alternative to a conventional annuity, our income drawdown plans allow you to take as much or as little income as you wish and vary your payments over time. Your savings stay invested in the stock market.

Find out more about our income drawdown plans:

Cash Fund Drawdown
Income Drawdown plan

How LFS can help

Our pension and drawdown plans offer you straightforward and flexible choices when providing for your retirement. 

  • Income Drawdown Plan
    • Take up to 25% of your pension fund as tax-free cash
    • Choose what taxable income you need
    • Your pension fund remains invested
    • A medium to long-term investment
    • Choose where to invest from a range of portfolios
    • Pass on your remaining savings when you die
  • Cash Fund Drawdown
    • Designed for those who want to deplete their pension fund over a short time
    • Take up to 25% of your pension fund as tax-free cash
    • Choose what taxable cash withdrawals you need
    • Invests in the LF Cash Fund
    • Pass on your remaining savings when you die
  • Personal Pension Plan
    • Tax relief can boost your pension savings
    • Make as many regular or ad-hoc payments as you like
    • Invest in a range of funds or choose a Lifestyle profile
    • Increase, decrease, stop and start your payments to suit your circumstances
    • Flexible ways to take your savings at retirement
  • Stakeholder Pension Scheme
    • Closed to new business
    • Receive tax relief on your pension savings
    • Simple and straightforward investment choices
    • Annual Management Charge not exceeding 1%
    • Flexible ways to pay to suit your circumstances
    • Your employer can make contributions too

Helping you to plan

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Tax information

Put simply, you don’t pay tax when saving into your pension, but you do when taking your pension.

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Countdown calendar

If you have a pension with us, we explain what happens as you get closer to retirement.