Retirement account

The value of your credit account, plus any amount in your AVC account, will be added together to make your retirement account.

You can use your retirement account to buy an annuityAnnuity

An annuity achieves the same thing as a pension - it gives you a yearly income for life. from a provider or you may be able to take all or part of it as a tax-free cash payment.

If you do buy an annuity with your retirement account when you retire, we will help you buy it from a provider such as an insurance company.