Grandson and grandparent at agricultural show

Personal Pension Account

The flexible and simple retirement option

A Personal Pension is flexible and simple.

With a Personal Pension Account you simply pay into the plan and basic rate tax relief is added from the Government.  

If you pay 40% or 45% income tax, you can reclaim additional tax relief directly from HMRC. 

This money is invested to provide you with a private pension 'pot' (fund value). Then you use this pot of money to take benefits any time after age 55 (57 from 2028) - whether you are still working or not!

Find out more about With Profits Funds.

Important information

From the 2nd December 2019, you can only open a new Personal Pension Account if you choose to invest your payments in to the With Profits fund. You must be starting your plan at least 10 years before the date you plan to retire.

Existing customers with a Personal Pensions Account are unaffected by this change and can continue to pay directly in both With Profits and our range of unit linked funds. 

Speak to an NFU Mutual Financial Adviser about setting up your pension, and they’ll be able to help find the right option.

Important documents

Key features of the NFU Mutual Personal Pension Account [PDF: 178KB]

Fund switch, payment redirection and lifestyle switching strategy form [PDF: 98KB]

A guide to unit-linked investments [PDF: 118KB]