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Our Retirement Booster

The more you keep invested in your Retirement Plan, the more you could get back

We all want to live a longer, healthier life, with enough money to make the most of it. But the longer we live, the harder our retirement savings need to work. With our Retirement Booster we could boost your pension pot every year on top of your returns, helping your savings last longer. The more you keep invested in retirement, and the more you look after your health, the more you could get back.

How it works

When you start your VitalityInvest Retirement Plan, you'll become a member of our healthy living programme. By maintaining healthy habits, we'll reward you with Vitality points for things like tracking your daily steps, having regular health checks or completing a few minutes of mindful activity. The points you earn enable you to improve your Vitality status. Everyone starts on Bronze status. By earning points, you can progress to Silver, Gold and Platinum.

Each year, we’ll look at how much income you’ve taken from your pot, how much you have invested in Vitality funds, and your Vitality status. We’ll use this to work out how much you get back with our Retirement Booster. The more you engage, and the more you keep invested, the more you could get back – up to 50% of what you draw down each year.

How we are able to reward you

With Vitality, you could live a longer, healthier life. This benefits both you and us. And we believe it’s only right to share some of our earnings with you. It’s all part of what we call shared value. Think of it as motivation to get the retirement you want.
Learn more

What you could get back

The amount you get back each year with our Retirement Booster is a percentage of the income you draw down over the year. Take a look at the table below.

The amount you get back will also depend on how much you have invested in Vitality funds and your Vitality status. The more you invest in them, the more you could get back.

How much income you withdrew in a year Retirement booster percentage 
  Bronze status Silver status  Gold status  Platinum status 
0% - 1%  10% 20% 40%  50% 
1% - 2% 7.5% 15%  25%  35% 
2% - 3% 6% 12.5%  15%  20% 
3% - 4%  4% 7.5%  12.5%  15% 
4% - 5%  0% 5%  10%  12.5% 
5% - 6%    0%  2.5%   5%   7.5%
 6% - 7%   0%   0%  2.5%  5%
 7% - 8%   0%   0%   0%  2.5%
8%+   0%   0%   0%   0%

Please remember the value of investments - and the income from them - can go down as well as up, meaning you may get back less than you invest.

Example calculation

Picture this

You have £100,000 in your retirement income pot at the start of the year, from which to draw down an income. By the end of the year, you’ve withdrawn £2,500 (2.5%) and achieved Gold status with Vitality, giving you a Retirement Booster of 15% (as shown in the table). You have 80% of your retirement income pot invested in Vitality funds.

Your Retirement Booster for the following year is:

2,500 x 15% x 80% = £300.

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