Taking your individual account as cash

If you choose to take the whole of your individual account as cash at your Target Retirement Age, you will need to leave the Sky Pension Plan. This means that you will no longer be able to pay contributions into the Plan. If you are still actively employed by Sky, you may be able to re-join the Sky Pension Plan at a later date, but please bear in mind that any payments made to the Plan then must be less than the Money Purchase Annual Allowance – an annual limit set by the Government. This is currently £10,000 for the 2023/2024 tax year.

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