Leaving

If you leave TSB, all contributions to your account stop and you can no longer transfer benefits into the Scheme. In addition, you’ll no longer benefit from life cover of four times your basic pay.

You’ll become a deferred member of the Scheme if you have more than two years of service.

For all leavers, your options depend on how long you’ve been a member of the Scheme. You can find out more by visiting Leaving, or reading A guide to the TSB Pension Scheme.

Any SmartSaver contributions will be paid through payroll. Any other employee contributions will be paid directly into your account or by cheque.

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