• We've invested together to get more investment choice and flexibility

  • Family Suntrust – a pension for groups such as families or business partners

    Although it's not possible to set up a new Family Suntrust scheme, you may still add new particpants, additional contributions, as well as transfer payments in your existing scheme. And you can expect flexibility with retirement income options. 


  • Family-walk(2)

    Benefits at a glance

    • More investment choice - the more money held in the pooled fund, the more choice you have about how to invest it. You could choose options such as investing in commercial property, or use a discretionary fund manager.
    • Helping you plan for those closest to you - this product can be a great option for families, and in helping to introduce children or grandchildren to the world of financial planning.
    • Freedom to pay additional contributions up to the age of 75 - or transfer in from other plans at any time.
    • Flexibility with retirement income - freedom to decide how you'd like to take benefits after the age of 55 - for example, either as a lump sum, through regular payments, or a combination of both via flexi access drawdown. However, the Government has advised that from 6 April 2028 the normal age from which a pension can be accessed will increase to age 57.


  • Here's a reminder of your options at retirement

    Investment options Retirement options
    Keep all your money invested Take tax free cash Take  regular income Take lump sums when needed Take all your money in one go
    Self-investment Yes, using flexi-access and capped drawdown
    Yes, normally an option when you first move money into drawdown Yes Yes
    Yes, using flexi-access drawdown

    If you're looking to get a guaranteed income for life, an annuity can be arranged through another provider.

    Remember to ‘shop around’ if you want to access your money. Other products could be more appropriate for you and your circumstances and you could get a higher retirement income from another provider. The MoneyHelper service offers a range of guides and tools to help you choose the right option for you. These include a comparison tool and a useful ‘Your pension: your choices’ guide to retirement options. 

  • Common questions

    Yes. The minimum contribution or transfer payment is £1,000 gross, or £10,000 if transferring in drawdown.

    Yes, as long as all existing participants agree, they live in the UK and if under 18 years old, a parent or legal guardian is also a participant to act on their behalf.

    It is also possible for dependants or other beneficiaries to join to receive benefits on the death of a member. 

    Any new participant must appoint the scheme’s appointed adviser to provide advice on their benefits within the scheme.

    You can take your benefits from the age of 55 (57 from 6 April 2028) as either a lump sum, or regular payments, or a combination of both via flexi access drawdown. Find our how you can take benefits through our Pension Benefits Guide.

  • Review key documentation such as Key Features, Charges and Pension Benefits Guides.
  • Please bear in mind

    In Family Suntrust, all participants need to agree decisions unanimously - so you won't always be able to do things your way.

    Also, like any investment, the value of the fund can go down as well as up. It is not guaranteed, which means you could get back less than you originally paid in. Tax and legislation are likely to change in the future, and the information above is only our interpretation of current law and HMRC rules. The value of any tax benefits will depend on your personal circumstances.

    To understand all the risks that come with Family Suntrust, please take a look at our full Key Features guide.