Planning your retirement

Using your savings

How to make a plan

You’ll need to know how much you’ll need to live off and how much you have saved up to make a plan for your retirement. Think about how you want to live in retirement. What will you be doing? When do you want it to start?

To help you think about how much you’ll need, you can use our Budget Planner and the Retirement Living Standards website. You’ll also need to think about how much you have saved up – in your account with the SEI Master Trust and with any other pension providers – and what you might get from the state. You can log in to your pension account to find out how much you might get at retirement and use the Pension Planner to see how changing your retirement date or how much you pay in might affect that. For a State Pension forecast, go to

We recommend seeing a financial adviser periodically. The MoneyHelper website has useful information about finding and using financial advisers.

You can also find lots of help online. Below is a list of useful websites and contacts.

What to expect from us

When you are 6 months from your Target Retirement Age you will receive a retirement pack explaining your options for accessing your SEI Master Trust savings. Once you’ve read through and decided you’d like to access your savings, you need to return the form included in your retirement pack confirming the options you’re interested in, or contact the Administration Team directly. They will arrange for you to receive a quotation based on your chosen option(s) which will include all the details of how much you will get and the forms you need to complete to retire.

If you decide you don’t want to access your benefits just yet, that’s fine. But make sure the choices you have made on your account are still right for you, in particular your investment choice and your Target Retirement Age.

Once we have received all of the forms we need for your chosen retirement option(s) and all of our requirements have been met, payment of your benefits can take up to eight weeks in accordance with the monthly payroll cut-off dates.

Helpful contacts

SEI Master Trust Administration Team
If you need to speak to the SEI Master Trust Administration Team, please use the following details:
Call: 0800 011 3540

MoneyHelper joins up money and pensions guidance to make it quicker and easier to find the right help. To contact MoneyHelper, you can visit or call their Pensions Helpline on 0800 011 3797.
The government website has information about the State Pension and how to find lost pensions. It also has a tool to help you plan for retirement at

Pension Tracing Service
If you have lost contact with a previous pension scheme, you can contact the Pension Tracing Service to try to trace your benefits. The website is or you can phone 0800 731 0193 or +44 (0)191 215 4491 from outside the UK. 

Financial Services Register 
If you need financial advice, you can find an independent financial adviser (IFA) in your area by visiting Please note that an IFA will normally charge you for the advice they provide so you need to check this with them. SEI does not cover the cost of any such advice.