Workplace Pension Employee Booklet
|
|
- Marilyn McCarthy
- 5 years ago
- Views:
Transcription
1 Workplace Pension Employee Booklet 1
2 Welcome to the Tricuro workplace pension scheme As an employee of Tricuro you are offered the opportunity to join our workplace pension scheme which is administered by Wessex Pensions. If someone told you that by saving 24 per month, into a pension, the tax man and your employer would put in another 36 between them, would you think that was a good deal? Of course you would and that is exactly what Tricuro's workplace pension scheme means! If you save 1.6% of your salary, your employer will put in an additional 2%, with the tax man contributing a further 0.4%. Your gross pay = 1,500 per month Your Contribution = 24 Employer's Contribution = 30 Tax Relief at Source = 6 That's all well and good I hear you say, but why should I do it? Will I not get a State Pension anyway? Well yes you will but, due mainly to the effects of better diet and healthcare, we as individuals can expect to live much longer and be much fitter than our parents and grandparents and want to do more in our extended retirement period. This will have the effect of making it much more difficult for future Governments to fund a reasonable state funded pension or other benefits. It is therefore important that individuals take steps to build up a retirement pot of money that will provide a higher level of financial security after they retire. It is with this background that the Government has introduced new workplace pension regulations called auto enrolment that will enable everyone to benefit in retirement from a savings arrangement that has additional payments made to it by their employer and the Government in the form of tax relief. Under these new regulations all employers have to set up a workplace pension that meets the auto enrolment regulations on a date decided by The Pension Regulator for each company. This date is known as the staging date and for Tricuro it is the 1st of October From that date Tricuro will be bound by Auto-Enrolment legislation. This means that employees must be automatically enrolled into an approved workplace pension scheme if they earn more than 10,000 per year (based on the current legislation). Any employee can Opt Out if they choose to at that time. More information specific to Auto Enrolment rules will be provided to all employees in the weeks leading up to Tricuro's Staging Date (1st October 2017). In the meantime Tricuro have chosen to offer voluntary membership of the scheme now. The scheme is with Wessex Pensions and is approved for use under auto enrolment legislation. The scheme is formed under a Trust administered by Independent trustees, according to rules which govern your legal position. 2
3 Eligibility Who can join? All employees who are over the age of 16 and under age 75 are eligible to join upon application. How can I join? All you need to do is fill in the application form which can be found on the intranet. Contributions The Basics A workplace pension scheme is a 'Defined Contribution arrangement. This means the eventual pension you will receive in retirement will depend on the size of the pot of money you save up by the time you retire. This in turn will depend on: The total payments paid to your pension fund by you, or anyone on your behalf, and your employer The investment return or growth of the funds in your pension pot The term or period of time over which your pension fund is invested The charges made by the trustees and fund managers to look after your pot of money The rules that apply to Defined Contribution pensions at the time you retire The tax rules that apply now, during and at the time you retire Types of contribution The scheme will receive regular monthly payments made by you and your employer but this may not be the case in all instances and the following types of payments can be made to the scheme: Regular monthly or annual payments normally based on a percentage of your salary, (but in exceptional circumstances may be a fixed amount in s) subject to the trustees and employer s agreement Single payments possibly from annual bonuses Transfers-in of pension plans you already own You may also contribute to your own personal pension as well as joining the company scheme, subject to the Government s maximum annual allowance and maximum lifetime allowance Payments made by anyone on your behalf 3
4 Regular Regular monthly contributions would be a percentage of your Basic Pay, which includes overtime/bonuses etc. It may be possible to set a fixed regular amount subject to your employer s and trustees agreement however the amount may need adjusting periodically as a result of changes to pension regulations. Singles Lump sum new contributions may also be made any time, either by you or your employer or by someone on your behalf. Tax relief should be available subject to HMRC regulations. Transfers If you have a fund built up in a previous individual plan or employer s scheme, it may be possible for the value of that fund to be transferred to this scheme. However, advice should be sought as the benefits on transfer may be more, similar or could be less than those available from the transferring scheme, particularly in the case of guaranteed and protected benefits. Please seek independent advice for further information. The trustees may accept bulk transfers in from other schemes upon the employer s and previous pensions trustees direction. Who pays? If you choose to join the Tricuro Pension Scheme then the contribution rates will be: Employer contribution rate of 2% rising to 3% in April 2019 in line with the Pensions Regulator/Auto-Enrolment legislation Employee contribution rate will commence at 1.6% until April 2018, then become 2.4% from April 2018 and 4% from April 2019 also in line the Pensions Regulator/Auto-Enrolment legislation Higher employee contributions will be permitted upon request Do bear in mind that the more that is paid into your plan, the greater the final pot will be and the greater your eventual pension benefits will be. There is an annual and lifetime maximum that can be paid into any UK pension scheme. Details are available upon request. Your payments will be deducted from your salary by Tricuro who will then forward them directly to Wessex Pensions for investment. Wessex Pensions use Old Mutual Plc to administer the funds. Established in 1845 in South Africa, it is now a FTSE 100 listed company and has more than 16 million customers and 319.4bn* assets under management. Old Mutual plc have a Fitch (ratings company) of BBB. *Dec 2014 figures. 4
5 Investment The type of investment the money is invested in during the term of your plan is very important and the trustees will normally decide which investment choices are most appropriate. However, they may take your wishes into account in arriving at their decisions. The investments will be subject to various types of risk with the main one being capital risk. This means the value of an investment is not guaranteed and can go down as well as up and may fall below the amount(s) paid in. Membership There are two types of member in a workplace pension; active and deferred members. Active members You will be an active member from the day you join the scheme until you either: Opt-out Leave employment Die before drawing your benefits Transfer your funds to another registered scheme Reach your employment normal retirement date Subject to the trustees and employer s acceptance, members can remain active members for periods of absence due to illness, maternity, paternity, adoption or other definite expectation of a return to work before normal retirement age as the trustee and employer determine. Deferred members Deferred membership is effective from the day you leave the scheme until you either: Opt-in again Become employed again by an employer using the same scheme Transfer your fund to another registered pension scheme Subject to the terms of your employment and auto enrolment provisions, it may be possible to transfer your benefits accrued to date whilst remaining in employment and thus continue to be an active member. Tax relief Contributions will be treated under a relief at source arrangement. This means your contributions are made after tax and HMRC will contribute the basic rate of tax relief. For example, every 10 to contributed from the member would cost 8 from yourself and 2 contribution from HMRC. 5
6 Tax Payable Because tax relief is applied when contributions are paid in and the fund itself is largely tax free, the Government charge tax on most (but not all) withdrawals. The funds your pension will be invested in are largely tax free but are unable to reclaim tax deducted at source from the dividends of UK company shares. Other investment income and all capital gains are currently free from UK tax. Currently, Inheritance Tax is also not applicable to funds that are in an authorised pension scheme. All payments paid as income either as regular payments or lump sum withdrawals from the scheme will be taxed as earned income under the PAYE system. At retirement, you can normally take up to 25% of the fund value as cash in return for a smaller taxable pension; currently this is tax-free. Tax charges may apply if the Government s Annual Allowance or Lifetime Allowance is exceeded, or if you transfer the scheme to an unauthorised scheme. The tax advantages of joining the scheme will depend on your personal circumstances. Both your circumstances and tax rules may change in the future. Benefits at retirement When can I take benefits? You can normally start taking all or part of your pension at any time after the age of 55 (or 10 years before your State Pension age if later). You do not have to actually retire. What benefits can I receive? When you retire, you should have more than one option available to you to receive benefits. Currently Drawdown (or flexi-access) Available since April 2015 and if your scheme allows, you can designate some or all of your pension fund for flexible access and withdraw an income from it. The remaining funds stay invested and have the potential to increase or fall in value. The money you take is treated as taxable income and based on your own individual tax position. You could also withdraw a lump sum from your pension. Usually, a maximum of 25% of the value of your fund is treated as a tax free withdrawal. The remaining will again be treated as taxable income and subject to your own individual rate of tax. 6
7 Annuity The pot of money or fund built up for you under the scheme can be used to purchase a taxable pension from an annuity provider that would pay you a fixed income for life. You can also build in a spouse s pension, an increasing pension and / or a minimum period (usually 5 or 10 years) that the pension will be paid for. You are encouraged to seek independent advice at that time to see which would be the best annuity terms to meet your circumstances. The amount of the pension payments you will receive will depend on a number of factors including the size of the fund when you retire, and type of pension you choose. Those in poor health may be able to obtain enhanced terms. You can normally take up to 25% of the fund value as cash. Currently this is tax-free, and will result in a smaller taxable pension. In either instance, we would recommend independent financial advice is taken when accessing your pension, or to contact Pension Wise, the Government service offering free and impartial guidance. They can be contacted on or visit Benefits on death Death before drawing your pension An indication of the value on death will be shown in the statement of benefit. You may advise the trustees, at any time, of who you want to pay the lump sum death benefits to, although the trustees will not be bound by your nomination. Death after drawing your pension Any payment will depend on whether you have opted for an annuity or drawdown pension and the type of annuity you will have purchased. 7
8 Leaving the scheme If you leave the scheme, all payments to the scheme will normally stop. Your options will depend on the length of time that you have been a member of the scheme and these are described as below: Less than 6 weeks membership: You will be entitled to a deferred benefit under the scheme subject to trustee agreement, or You will be entitled to transfer the value of your fund to another registered pension scheme. More than 6 weeks membership: You will be entitled to a deferred benefit under the scheme, or You may choose to transfer the value of your fund to another registered pension scheme. If you leave the scheme while you are employed you may opt-in again at any time whilst still employed by Tricuro subject to approval. You may still be auto enrolled on the 1st of October 2017 at which time you may choose to Opt Out again. Scheme Information Each pay reference period your employer must calculate the appropriate contributions payable and will inform the scheme administrators and pay the contributions to the scheme. The trustees are required to obtain a yearly statement from the scheme auditor confirming that the payments shown in the schedules have been paid. Wessex Pensions will provide the necessary information. If you require any further information about the scheme or your benefits, or if you would like to see a copy of the rules and auditor s statement, you should contact Wessex Pensions or the trustees. Charges If you propose to make a single contribution or if you transfer funds into your workplace pension account, any charges, that may apply, would be outlined to you prior to your decision to proceed. 8
9 Complaints If you have general queries regarding the scheme these should be raised in the first instance with the scheme administrator Wessex Pensions. If you are unhappy with any aspect of the scheme you may approach the person nominated by the trustees to consider problems. This person should reply to your complaint within 30 days. If you are still unhappy you may appeal to the trustees. The trustees will give their decision within two months. Complaints should be addressed to; The Compliance Officer Wessex Money Ltd 17 Headlands Business Park Salisbury Road Ringwood Hampshire BH24 3PB The Pensions Advisory Service (TPAS) can assist members and beneficiaries of the scheme with any pension queries they may have. They can also assist if the issues you have experienced have not been resolved by the scheme administrator or the Trustees. They can be contacted at: The Pensions Advisory Service 11 Belgrave Road London SW1V 1RB Phone: If TPAS are unable to deal with your complaint, you can refer it to the Pensions Ombudsman: The Pensions Ombudsman 11 Belgrave Road London SW1V 1RB Phone: Important notes Charges, limits and terms which apply may change. This brochure contains a summary of the main benefits available from the Scheme. Full terms and conditions are available on request from your employer. Reference to taxation is based on our current understanding of the rules, which may change. The level and timing of benefits are subject to legislation, which may change in the future. Wessex Money Ltd is the administrator of the Wessex Pensions Master Trust. Company registration number Pensions registration number RV 9
GROUP MONEY PURCHASE SCHEME MEMBER BOOKLET PUTTING THE PERSONAL TOUCH INTO CORPORATE PENSIONS
GROUP MONEY PURCHASE SCHEME MEMBER BOOKLET PUTTING THE PERSONAL TOUCH INTO CORPORATE PENSIONS ABOUT SCOTTISH WIDOWS Scottish Widows has been looking after the financial well-being of people from all walks
More informationPension Scheme Booklet
AutoEnrolment.co.uk Master Trust Pension Scheme Booklet www.autoenrolment.co.uk Contents Welcome to Smart Pension 3 Contributions 4 Your membership 6 General 6 Taxation 7 Your benefits at retirement 7
More informationAutoEnrolment.co.uk Master Trust
AutoEnrolment.co.uk Master Trust Pension Scheme Booklet AutoEnrolment.co.uk MAF Accredited Master Trust Assurance Framework MAF developed by ICAEW (Institute of Chartered Accountants) www.autoenrolment.co.uk
More informationSMALL SELF-ADMINISTERED SCHEME MEMBER S BOOKLET
SMALL SELF-ADMINISTERED SCHEME MEMBER S BOOKLET Need a pension scheme that gives you more choice? Then choose a pension scheme with wider investment power CHOOSING HOW BEST TO INVEST FOR YOUR RETIREMENT
More informationHuman Resources Hewlett Packard Enterprise Investment Scheme - Member Booklet (June 2016)
Introduction This booklet is for current active members of the Hewlett Packard Enterprise Investment Scheme (the Scheme), previously called Hewlett-Packard Investment Scheme. The Scheme is a defined contribution
More informationThe Bidvest (UK) Retirement Plan Member Guide
The Bidvest (UK) Retirement Plan Member Guide JULY 2016 Contents Introduction 3 How does the Plan work? 4 How do I join the Plan? 4 What if I don t want to be in the Plan? 5 How much is paid to my Retirement
More informationThe Caterpillar Defined Contribution Pension Plan
The Caterpillar Defined Contribution Pension Plan Welcome to your New Joiner Pension Plan Leaflet GB Section Hello and welcome to the Caterpillar Defined Contribution Pension Plan Your Company Pension
More informationKEY FEATURES OF THE SAVE THE CHILDREN UK GROUP PERSONAL PENSION PLAN.
KEY FEATURES OF THE SAVE THE CHILDREN UK GROUP PERSONAL PENSION PLAN. This is an important document which you should keep in a safe place. Legal & General working in Association with: 2 SAVE THE CHILDREN
More informationWELCOME TO THE AIRBUS GROUP UK RETIREMENT PLAN
? WELCOME TO THE AIRBUS GROUP UK RETIREMENT PLAN Member booklet The is an important part of your reward package. This booklet explains the benefits that are available when you join the Plan, and the options
More informationMEMBERS BOOKLET/05-18 DEFINED CONTRIBUTION STRUCTURE
MEMBERS BOOKLET/05-18 DEFINED CONTRIBUTION STRUCTURE Your guide to the retirement and other benefits that may be provided under the Combined Nuclear Pension Plan [ the Plan ], established by the Nuclear
More informationKEY FEATURES OF THE WILLIS GROUP PERSONAL PENSION PLAN.
KEY FEATURES OF THE WILLIS GROUP PERSONAL PENSION PLAN. This is an important document which you should keep in a safe place. Legal & General working in association with: 2 WILLIS GROUP PERSONAL PENSION
More informationAn Outline of your employer s pension plan Stanplan A Member s Outline (for a pension plan that is a Qualifying Workplace Pension Scheme)
An Outline of your employer s pension plan Stanplan A Member s Outline (for a pension plan that is a Qualifying Workplace Pension Scheme) Important: please read and keep for future reference Stanplan A
More informationWelcome 4. About your pension 5. What s so great about a workplace pension? 6. How your money is invested 7
Member Booklet Contents Welcome 4 About your pension 5 What s so great about a workplace pension? 6 How your money is invested 7 Transferring other pensions to NOW: Pensions 9 Making changes to your pension
More informationUPS Pension Investment Plan. A guide to the Plan
UPS Pension Investment Plan A guide to the Plan 2 UPS Pension Investment Plan Contents Introduction 3 PIP at a glance 4 Technical terms 4 Joining PIP 6 How PIP works 7 Benefits at retirement 8 Death benefits
More informationKEY FEATURES OF THE WORKSAVE PENSION PLAN.
GROUP STAKEHOLDER PENSION SCHEME KEY FEATURES KEY FEATURES OF THE WORKSAVE PENSION PLAN. 1 This is an important document which you should keep in a safe place. 2 WORKSAVE PENSION PLAN KEY FEATURES CONTENTS
More informationMEMBERS BOOKLET/10-16 DEFINED CONTRIBUTION STRUCTURE
MEMBERS BOOKLET/10-16 DEFINED CONTRIBUTION STRUCTURE Your guide to the retirement and other benefits that may be provided under the Combined Nuclear Pension Plan [ the Plan ], established by the Nuclear
More informationMEMBER S GUIDE. A guide for members of the Network Rail Defined Contribution Pension Scheme (NRDC)
MEMBER S GUIDE A guide for members of the Network Rail Defined Contribution Pension Scheme (NRDC) Disclaimer The information provided in this booklet is intended for general information and illustrative
More informationCLARKS FLEXIBLE PENSION SCHEME YOUR MEMBER GUIDE
CLARKS FLEXIBLE PENSION SCHEME CLARKS FLEXIBLE PENSION SCHEME YOUR MEMBER GUIDE Page 1 1 WHY DO I NEED A PENSION? EVERYONE HAS A DIFFERENT IDEA OF WHAT THEY WANT IN THEIR LATER YEARS. MANY PEOPLE WILL
More informationScottish Housing Association Pension Scheme A Guide for Members. CARE and Final Salary Benefit Structures
Scottish Housing Association Pension Scheme A Guide for Members CARE and Final Salary Benefit Structures A Guide for Members Scottish Housing Associations Pension Scheme (SHAPS) SHAPS (the Scheme) has
More informationThe Maersk Pension Scheme
The Maersk Pension Scheme A guide to your benefits For employees of A.P.Moller Maersk companies in the UK April 2015 Your future at your fingertips For clear pensions information visit: maerskpensionscheme.co.uk
More informationKEY FEATURES of the Premier Trust Single Investment SIPP (The Premier Trust SI SIPP)
THE PREMIER TRUST SINGLE INVESTMENT KEY FEATURES of the Premier Trust Single Investment SIPP (The Premier Trust SI SIPP) This document provides a summary of the key points of the Premier Trust Single Investment
More informationYour Guide to the AXA UK Group Pension Scheme Defined Contribution (DC) 2008 Section. For employees of AXA Investment Managers Limited
Your Guide to the AXA UK Group Pension Scheme Defined Contribution (DC) 2008 Section For employees of AXA Investment Managers Limited Members Guide 2015 02 Members Guide Introduction We all look forward
More informationBenefiting you. A guide to the ITV Defined Contribution Plan For members who joined on 1 March 2017 from the DB section of the ITV Pension Scheme
Benefiting you A guide to the ITV Defined Contribution Plan For members who joined on 1 March 2017 from the DB section of the ITV Pension Scheme Welcome As someone who s built up valuable retirement benefits
More informationUniversity of Leicester Stakeholder Pension Plan. Guide for Members
University of Leicester Stakeholder Pension Plan Guide for Members April 2017 This guide describes the pension and associated benefits available to members of staff who hold a contract of employment issued
More informationKEY FEATURES OF THE PENSION SAVER FOR GE EMPLOYEES.
KEY FEATURES OF THE PENSION SAVER FOR GE EMPLOYEES. This is an important document which you should keep in a safe place. Legal & General working in association with: 2 PENSION SAVER KEY FEATURES CONTENTS
More informationKey Features of the Prudential Free-Standing Additional Voluntary Contribution Scheme
Key Features of the Prudential Free-Standing Additional Voluntary Contribution Scheme Please read this document along with your personal illustration (if you have one) before you decide to top-up this
More informationBAXI GROUP PENSION SCHEME MEMBERS BOOKLET
BAXI GROUP PENSION SCHEME MEMBERS BOOKLET 01 CONTENTS 01. Welcome to Baxi Pensions 03 02. Membership & Joining 05 03. Contributions 09 04. Investment Choices 11 05. Death Before Retirement 12 06. Your
More informationPersonal Pension. This document was last updated in October 2017 and is valid until October 2018.
Key Features of your Personal Pension The Financial Conduct Authority is a financial services regulator. It requires us, Old Mutual Wealth, to give you this important information to help you decide whether
More informationBT PENSION SCHEME Section A
BT PENSION SCHEME Section A Explanatory booklet for Section A Members of the BT Pension Scheme. (BT employees who joined the Post Office before 1 December 1971). This booklet reflects the terms of Section
More informationBenefiting you. A guide to the ITV Defined Contribution Plan
Benefiting you A guide to the ITV Defined Contribution Plan Welcome The ITV Defined Contribution Plan (the ITV DC Plan) is a great way to save for when you re no longer working. It puts you in control
More informationAn Outline of your employer s executive pension plan Stanplan A Member s Outline
An Outline of your employer s executive pension plan Stanplan A Member s Outline Important: please read and keep for future reference Stanplan A A retirement and death benefits plan with Standard Life
More informationWHAT IT AIMS TO DO FOR YOU
Key Features of the PERSONAL PENSION The Financial Conduct Authority is a financial services regulator. It requires us, Old Mutual Wealth, to give you this important information to help you decide whether
More informationTaking money from my pension. A guide to taking cash sums and a flexible income from your Legal & General pension pot.
Taking money from my pension A guide to taking cash sums and a flexible income from your Legal & General pension pot. Workplace DC Pensions Contents 3 INTRODUCTION 4 OPTIONS 6 THINGS TO CONSIDER 7 TAX
More informationKey Features of your Small Self Administered Scheme
Key Features of your Small Self Administered Scheme This document is based on our understanding of current legislation and HM Revenue & Customs practice and should not be relied upon for detailed advice
More informationKEY FEATURES. RDR. This is an important document that you should read and keep in a safe place. You may need to read it in the future.
RDR PORTFOLIO PLUS PENSION KEY FEATURES portfolio plus pension 1 KEY FEATURES. This is an important document that you should read and keep in a safe place. You may need to read it in the future. 2 PORTFOLIO
More informationAN INTRODUCTION TO THE LUXFER GROUP RETIREMENT SAVINGS PLAN
AN INTRODUCTION TO THE LUXFER GROUP RETIREMENT SAVINGS PLAN CONTENTS 1. Welcome to LGRSP 2. What is a Group Personal Pension Plan 3. Investment 4. Retirement 5. Generic Illustrations of pension benefits
More informationWorkplace Retirement Account Rolls-Royce Money Purchase Pension Plan 2008 Section
Workplace Retirement Account Rolls-Royce Money Purchase Pension Plan 2008 Section Member guide p2 Workplace Retirement Account Member guide Workplace Retirement Account Member guide Contents 4 Why should
More informationNew Generation Personal Pension
To be used with Group Personal Pension Schemes that comply with Automatic Enrolment Regulations. Key Features of the New Generation Personal Pension Reference MPEN30/A 04.18 The Financial Conduct Authority
More informationmypension YOUR GUIDE TO THE DEFINED CONTRIBUTION (DC) SECTION OF THE SONY UNITED KINGDOM PENSION SCHEME
mypension YOUR GUIDE TO THE DEFINED CONTRIBUTION (DC) SECTION OF THE SONY UNITED KINGDOM PENSION SCHEME WHAT S INSIDE? your choices, your benefits 4 becoming a member 5 contributions 6 mypension Salary
More informationA guide to the GPS Pension Scheme. Defined Contribution
A guide to the GPS Pension Scheme Defined Contribution GPS Pension Scheme Defined Contribution Contents Welcome 1 Key features 2 Membership 3 Contributions 4 Investment 5 Your retirement benefits 6 Benefits
More informationWelcome to the John Lewis Partnership Trust for Pensions
Welcome to the John Lewis Partnership Trust for Pensions Defined Contribution (DC Section) Publication date: July 2018 Your Partnership Your Pension Contents How does the Defined Contribution section of
More informationContents. How your pension works 3. The cost 4. Your investment choices 6. Your benefits when you retire 7. Your benefits if you die 9
fayoui The Thomas Cook UK DC Pension Scheme gives you the chance to choose how much you want to save towards your pension with the Company s help. The Company will pay a contribution into the Scheme for
More informationMEMBERS BOOKLET/05-14 DEFINED CONTRIBUTION STRUCTURE. The Combined Nuclear Pension Plan
MEMBERS BOOKLET/05-14 DEFINED CONTRIBUTION STRUCTURE The Combined Nuclear Pension Plan Your guide to the retirement and other benefits that may be provided under the Combined Nuclear Pension Plan [ the
More informationKey Features of the Group Stakeholder Pension Scheme. This is an important document which you should keep in a safe place.
Key Features of the Group Stakeholder Pension Scheme This is an important document which you should keep in a safe place. Welcome to your Key Features Document. It explains all the important information
More informationSelf Invested Personal Pension Key Features
Self Invested Personal Pension Key Features (Version 02/16) The Financial Conduct Authority is a financial services regulator. It requires us, GPC SIPP Ltd to give you this important information to help
More informationTrust Based Pension Plan
Trust Based Pension Plan Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires us, Standard
More informationWorkplace Retirement Account Rolls-Royce Money Purchase Pension Plan 2008 Section. Member guide
Workplace Retirement Account Rolls-Royce Money Purchase Pension Plan 2008 Section Member guide p2 Workplace Retirement Account Member guide Workplace Retirement Account Member guide Contents 4 Why should
More informationInvensys Pension Scheme Members Booklet
Invensys Pension Scheme Members Booklet For all employees who joined the Invensys Pension Scheme between 6 April 2000 and 31 October 2004. Please keep this booklet in a safe place for future reference.
More informationO P Q RETIREMENT & DEATH BENEFITS PLAN. For Employees of The OPQ Company MEMBERS' BOOKLET
O P Q RETIREMENT & DEATH BENEFITS PLAN For Employees of The OPQ Company MEMBERS' BOOKLET 2016 EDITION Reviewed January 2016 CONTENTS PAGE 2 INTRODUCTION 3 DEFINITIONS 6 FREEDOM AND CHOICE 8 JOINING THE
More informationKey Features of the Prudential Group Personal Pension Plan The Prudential (2000) Personal Pension Scheme
Key Features of the Prudential Group Personal Pension Plan The Prudential (2000) Personal Pension Scheme Please read this document along with your personal illustration (if you have one) before you decide
More informationD&B (UK) Pension Plan. Career Average Revalued Earnings (CARE) section
D&B (UK) Pension Plan Career Average Revalued Earnings (CARE) section Contents Appendix: Welcome Welcome to the D&B (UK) Pension Plan CARE section The D&B (UK) Pension Plan (the Plan ) provides you with
More informationMY BARRATT PENSION. A Guide to the Barratt Group Pension & Life Assurance Scheme. Forward Planning KEEPS YOU ONE STEP AHEAD
MY BARRATT PENSION A Guide to the Barratt Group Pension & Life Assurance Scheme Forward Planning KEEPS YOU ONE STEP AHEAD CONTENTS Welcome Membership Contributions Investment My Retirement Benefits Death
More informationYour Guide. to the Plumbing Industry Pension Scheme
Your Guide to the Plumbing Industry Pension Scheme Plumbing and Mechanical Services (UK) Industry Pension Scheme 2 Contents 3 Introduction 4 Meaning of Words Used 6 Joining the Scheme 7 Cost of Membership
More informationKey Features. IWeb Share Dealing Self Invested Personal Pension
Key Features IWeb Share Dealing Self Invested Personal Pension The Financial Conduct Authority is the independent financial services regulator. It requires us, A J Bell Management Limited, to give you
More informationO P Q RETIREMENT & DEATH BENEFITS PLAN. For Employees of The OPQ Company MEMBERS' BOOKLET
O P Q RETIREMENT & DEATH BENEFITS PLAN For Employees of The OPQ Company MEMBERS' BOOKLET APRIL 2017 EDITION Reviewed December 2017 CONTENTS PAGE 2 INTRODUCTION 3 DEFINITIONS 6 FREEDOM AND CHOICE 8 JOINING
More informationThe Samworth Brothers Retirement Savings Plan. Member Booklet
The Samworth Brothers Retirement Savings Plan Member Booklet Contents 1. The Samworth Brothers Retirement Savings Plan 3 2. Why do I need retirement savings? 4 3. The Samworth Brothers Retirement Savings
More informationContents. Aims, commitments and risks. Questions and answers. Contributions. Transfers. Investments
SIPP ISA Dealing Junior ISA SIPP key features The Financial Conduct Authority is the independent financial services regulator. It requires us, AJ Bell Management Limited, to give you this important information
More informationArts Council Retirement Plan (1994) Guide for members September 2012
Arts Council Retirement Plan (1994) Guide for members September 2012 Guide for members Arts Council Retirement Plan (1994) 3 Contents The Plan at a glance 4 Terms to know 5 Joining the Plan 7 Contributions
More informationPersonal Pension Plan Key Features
Pension Savings Personal Pension Plan Key Features This is an important document. Please read it and keep for future reference. Page 1 of 15 Key Features The Financial Conduct Authority is a financial
More informationYour guide to how the Plan works. Experian Retirement Savings Plan
Your guide to how the Plan works Experian Retirement Savings Plan Contents 4. Key terms 6. How does the Plan work? 7. How do I join? 8. How do I manage my account? 9. How much is paid into the Plan? 10.
More informationSSAS: KEY FEATURES OF THE HARTLEY SMALL SELF ADMINISTERED SCHEME
SSAS: KEY FEATURES OF THE HARTLEY SMALL SELF ADMINISTERED SCHEME The Financial Conduct Authority is the independent financial services and pensions industry regulator. Hartley Pensions SSAS Trustees Limited
More informationKEY FEATURES OF THE RETIREMENT SOLUTIONS COMPANY PENSION PLAN
For members KEY FEATURES OF THE RETIREMENT SOLUTIONS COMPANY PENSION PLAN The Financial Conduct Authority is a financial services regulator. It requires us, Royal London, to give you this important information
More informationThe Moore Stephens Pensions Master Trust
The Moore Stephens Pensions Master Trust Guide to your Workplace Pension Scheme www.moorestephens.co.uk PRECISE. PROVEN. PERFORMANCE. Welcome to the Moore Stephens Pensions Master Trust Your Employer has
More informationMPs Staff Pension Scheme. September 2017
MPs Staff Pension Scheme September 2017 1 Welcome to your workplace pension Wherever you are on your savings journey, whether you re paying into a pension for the first time or topping up your existing
More informationMember Guide and Frequently Asked Questions for the Defined Contribution Scheme
The Ethical Fund Member Guide and Frequently Asked Questions for the Defined Contribution Scheme Member Guide Defined Contribution 1 Welcome to TPT Retirement Solutions TPT Retirement Solutions (formerly
More informationShort Brothers. Pension Scheme. b AEROSPACE. Short Brothers Pension Scheme. Page 0
Short Brothers Short Brothers Pension Scheme Pension Scheme b AEROSPACE Page 0 Contents Page No Introduction 2 Definitions 3 Joining the Scheme 5 Contributions 6 Pension benefits 8 Death benefits 12 Leaver
More informationSave for Tomorrow. Your guide to The Walt Disney Retirement Savings Plan
Save for Tomorrow Your guide to The Walt Disney Retirement Savings Plan JULY 2015 Contents page 2 Introduction The Walt Disney Retirement Savings Plan (the helping you Save for Tomorrow. ) is an important
More informationBT PENSION SCHEME SECTION C. Explanatory booklet for Members who joined Section C of the BT Pension Scheme between 1 April 1986 and 31 March 2001
BT PENSION SCHEME SECTION C Explanatory booklet for Members who joined Section C of the BT Pension Scheme between 1 April 1986 and 31 March 2001 (and Section B members who elected to be subject to Section
More informationKEY FEATURES OF THE OPENWORK PENSION ACCOUNT (SIPP)
KEY FEATURES OF THE OPENWORK PENSION ACCOUNT (SIPP) 2 INTRODUCTION The Financial Conduct Authority is a financial services regulator. It requires us, Investment Funds Direct Limited (IFDL), to give you
More informationThe HCL Group Personal Pension Plan (SMART Section)
The HCL Group Personal Pension Plan (SMART Section) 6 April 2016 Dear Colleague It is important to plan ahead if you want to make sure you have an income when you stop working. The more you plan for your
More informationNew Generation Personal Pension
Key Features of the New Generation Personal Pension Reference MPEN1/A 04.18 The Financial Conduct Authority is a financial services regulator. It requires us, Aviva Life & Pensions UK Limited, to give
More informationSainsbury s Retirement Savings Plan. April 2018
Sainsbury s Retirement Savings Plan April 2018 1 Welcome to your workplace pension Wherever you are on your savings journey, whether you re paying into a pension for the first time or topping up your existing
More informationNILGOSC PENSION GUIDE LOCAL GOVERNMENT PENSION SCHEME (NORTHERN IRELAND) HELPING YOU PLAN FOR YOUR INCOME IN RETIREMENT
NILGOSC PENSION GUIDE LOCAL GOVERNMENT PENSION SCHEME (NORTHERN IRELAND) HELPING YOU PLAN FOR YOUR INCOME IN RETIREMENT CONTENTS WHAT IS A PENSION 3 THE ROAD TO RETIREMENT 4 8 How do I join Can I transfer
More informationKey Features of the Group Personal Pension 2000 Plan. This is an important document which you should keep in a safe place.
Key Features of the Group Personal Pension 2000 Plan This is an important document which you should keep in a safe place. Welcome to your Key Features Document. It explains all the important information
More informationUniversity of Aberdeen Superannuation and Life Assurance Scheme (UASLAS) A Guide for Members
Business. Empowered. University of Aberdeen Superannuation and Life Assurance Scheme (UASLAS) Key information A Guide for Members 1 www.abdn.ac.uk/staffnet/working-here/uaslas-210 ABOUT THIS GUIDE This
More informationKey Features of the Stakeholder Pension. For plans started on or after 1 February Retirement Investments Insurance Health
Key Features of the Stakeholder Pension For plans started on or after 1 February 2008 Retirement Investments Insurance Health Key Features of the Stakeholder Pension The Financial Conduct Authority is
More informationKey Features. Halifax Share Dealing Self Invested Personal Pension. the people who give you extra
Key Features Halifax Share Dealing Self Invested Personal Pension the people who give you extra The Financial Conduct Authority is the independent financial services regulator. It requires us, AJ Bell
More informationMember Guide and Frequently Asked Questions for the Defined Contribution Scheme
The housing sector scheme of choice Social Housing Pension Scheme Member Guide and Frequently Asked Questions for the Defined Contribution Scheme Member Guide Defined Contribution 1 Welcome to TPT Retirement
More informationBenefits Guide. Self Invested Personal Pension
Self Invested Personal Pension Benefits Guide The Financial Conduct Authority is the independent financial services regulator. It requires us, AJ Bell Management Limited, to give you this important information
More informationThe IKEA Retirement Income Scheme. October 2017
The IKEA Retirement Income Scheme October 2017 1 Welcome to your workplace pension Wherever you are on your savings journey, whether you re paying into a pension for the first time or topping up your existing
More informationMMC UK Pension Fund. Guide. for Members. Mercer
MMC UK Pension Fund A Guide for Members Mercer Contents Page Section 1 How the Fund works 1 Section2 The Fund in brief 3 Section 3 Money Purchase section 4 Investment 4 Retirement benefits 5 Early and
More informationWESLEYAN PERSONAL PENSION PLAN
IMPORTANT DOCUMENT PLEASE READ WESLEYAN PERSONAL PENSION PLAN 02 Wesleyan Personal Pension Plan KEY FEATURES OF THE WESLEYAN PERSONAL PENSION PLAN The Financial Conduct Authority is a financial services
More informationApril UK Pension Plan A GUIDE TO YOUR PENSION BENEFITS
April 2017 UK Pension Plan A GUIDE TO YOUR PENSION BENEFITS Contents Welcome to the Eaton UK Pension Plan 3 Special terms 4 1 2 3 4 5 6 7 8 9 10 AVCs Benefits in brief 5 Membership 6 Contributions 7 Your
More informationThis booklet outlines the benefits of the ACNielsen (UK) Pension Plan from 1 April 2011 for all members who joined before 1 January 2004.
About This Booklet This booklet outlines the benefits of the ACNielsen (UK) Pension Plan from 1 April 2011 for all members who joined before 1 January 2004. Pensions can seem complicated, but every effort
More informationConcord Pension Account. June 2018
Concord Pension Account June 2018 1 Welcome to your workplace pension Wherever you are on your savings journey, whether you re paying into a pension for the first time or topping up your existing savings,
More informationInterserve WorkSave Pension Plan ( WorkSave ) Guide for members
Interserve WorkSave Pension Plan ( WorkSave ) Guide for members April 2018 THIS IS FOR STANDARD MEMBERS ONLY Contents Introduction... 3 Page Joining WorkSave... 4 SMART Pensions... 5 Contributions... 6
More informationLadbrokes Pension Scheme. November 2017
Ladbrokes Pension Scheme November 2017 1 Welcome to your workplace pension Wherever you are on your savings journey, whether you re paying into a pension for the first time or topping up your existing
More informationGuide for Members April 2013
Jaguar Pension Plan (Halewood Section) Guide for Members April 2013 1 CONTENTS Words with Special Meanings 3 An Overview of the Plan 5 Plan Membership 6 Contributions 7 Retiring 9 Other Options at Retirement
More informationYorsipp Limited. SIPP Key Features. Introduction & Contact Details. Aims of the SIPP. Your Commitment. Risk Factors
Yorsipp Limited SIPP Key Features Introduction & Contact Details This document summarises the key features of the Yorsipp Registered Pension Scheme. The scheme has been established under a master trust
More informationKey features Hornbuckle Mitchell SIPP
Key features Mitchell SIPP Introduction The Financial Conduct Authority is the independent financial services regulator. It requires us,, to give you this important information to help you to decide whether
More informationKEY FEATURES ROCKPOOL SIPP
KEY FEATURES ROCKPOOL SIPP The Financial Conduct Authority is the independent financial services regulator. It requires us, Rockpool, to give you this important information to help you to decide whether
More informationGroup Flexible Retirement Plan
Group Flexible Retirement Plan Key features This is an important document. Please read it and keep it for future reference. Key features document: Pages 1 20 Terms and conditions for joining: Pages 21
More informationCorporate Stakeholder Pension Plan
Corporate Stakeholder Pension Plan Key features This is an important document. Please read it and keep for future reference. Key features document: Pages 1 15 Terms and conditions for joining: Pages 15
More informationNew Generation Personal Pension - Self Invested Personal Pension (SIPP) Option
Key Features of the New Generation Personal Pension - Self Invested Personal Pension (SIPP) Option Reference MPEN8/A 04.18 The Financial Conduct Authority is a financial services regulator. It requires
More informationThe Avalon Freedom Self Invested Personal Pension KEY FEATURES
The Avalon Freedom Self Invested Personal Pension KEY FEATURES KEY FEATURES The Financial Conduct Authority is a financial services regulator. It requires us, Avalon, to give you this important information
More information1. Introduction
Welplan Pensions Scheme Membership Guide 1. Introduction 1.1 Welplan Pensions (the Scheme) was originally established to provide pensions to the building services engineering industry and the Scheme has
More informationKey Features of the Prudential Personal Pension Scheme
Key Features of the Prudential Personal Pension Scheme Please read this document along with your personal illustration (if you have one) before you decide to buy this plan. It's important you understand
More informationKey Features GM Self-Invested Pension Scheme
Key Features GM Self-Invested Pension Scheme The Financial Conduct Authority is a financial services regulator. It requires us, Guinness Mahon Trust Corporation, to give you this important information
More informationBT PENSION SCHEME SECTION B. Explanatory booklet for Members who joined Section B of the BT Pension Scheme between 1 December 1971 and 31 March 1986
BT PENSION SCHEME SECTION B Explanatory booklet for Members who joined Section B of the BT Pension Scheme between 1 December 1971 and 31 March 1986 (and Section A members who elected to be subject to Section
More informationNew Generation Company Pension Plan
To be used for New Generation Company Pension Plan Key Features of the New Generation Company Pension Plan Reference MPEN34/F 04.18 The Financial Conduct Authority is a financial services regulator. It
More information