The TSB Pension Scheme’s assets will be held in a trust completely separately from those of TSB and cannot be used for any other purpose.
Tax status of the TSB Pension Scheme
The Scheme will be registered with HM Revenue & Customs under Chapter 2 of Part 4 of the Finance Act 2004. This means that the Scheme and its members will enjoy a number of tax advantages. The tax position of the Scheme may, however, vary from time to time.
Assigning your benefits
You cannot assign your benefits under the TSB Pension Scheme or use them as security for a loan.
Dealing with disputes
Details of the formal procedure for dealing with disputes (called the Internal Dispute Resolution Procedure) are available in the forms and documents section.