The Retirement Account

The Retirement Account is a modern pension plan, designed for life, which aims to help you take advantage of Pension Freedoms.

With the Retirement Account you can:

  • Make regular or ad-hoc contributions and accumulate funds whilst you are still working
  • Consolidate other pensions so that all of your retirement savings are in one place
  • Choose to draw regular income or lump sums from the minimum retirement age of 55 in a flexible and tax efficient way
  • Build up a nest egg for the future or a legacy for your family when you die

Offering considerable flexibility and choice - helping you manage your pension investments and benefits over the span of your retirement. It also has the ability to leave money to loved ones.

Find out more in The Retirement Account Client Guide

  • Build up your pension pot by making deposits whilst you are still working
  • Bring together your different pension funds in one place, and invest them for potential growth
  • You have the flexibility to alter your account as time goes by - change your Pension Drawdown and Guaranteed Annuity income levels according to your lifestyle and financial planning needs.
  • You have the ability to take out lump sums from Pension Drawdown whenever you want, to top up your income, or for those unexpected times when a little extra money is needed.
  • A range of investment choices that can be matched to your attitude to risk.
  • The ability to pass on money to your loved ones.
  • Tax planning features that can help you and your beneficiaries manage how much income you receive and how much income tax you pay throughout your retirement.


Our fund range has been designed to cater for the needs of different investors with different attitudes to risk. All the funds have the potential for successful growth in the future. However, the value of investments can go down as well as up.

Find out more in The Retirement Account Investment Fund Summary


Daily Unit Prices


Rebecca: "I want to top up my existing state pension and have the ability to draw money when I require"

Find out how The Retirement Account can help Rebecca 

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Lifetime Annuities & Scheme Pension

A guaranteed income for life


Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Canada Life International Limited and CLI Institutional Limited are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority.

Canada Life International Assurance (Ireland) DAC is authorised and regulated by the Central Bank of Ireland.

Stonehaven UK Limited and MGM Advantage Life Limited, trading as Canada Life, are subsidiaries of The Canada Life Group (U.K.) Limited. Stonehaven UK Ltd is authorised and regulated by the Financial Conduct Authority. MGM Advantage Life Limited is authorised and regulated by the Financial Conduct Authority.