Group Flexible Retirement Plan. Staff Guide

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Group Flexible Retirement Plan. Staff Guide"

Transcription

1 Group Flexible Retirement Plan Staff Guide

2 Terms and information you may need to know Company Jones Lang LaSalle and any other company participating in the Plan. Contribution rates The contribution rates in this booklet are for all Jones Lang LaSalle employees unless otherwise advised in your contract or transfer letter. Plan Jones Lang LaSalle Pension Plan. Plan Year The 12 months running from each 1 st April. Pensionable Salary Your basic salary, capped at 100,000 per annum. The Jones Lang LaSalle Pension Provider Standard Life

3 So I ve already joined the Plan and my employer makes a contribution to my pension. Not a bad start! Contents: Introduction 2 The Plan a summary 3 How much does it cost? 3 The sooner you start the better 4 Should you plan ahead? 4 So what are you waiting for? 4 Could you live on the State Pension? 4 What s in it for me? 5 Joining the Plan 5 Opting out, changing or stopping contributions 6 The Plan in detail 6 Core contributions 6 Salary Exchange 7 Matching contributions 8 Payment of contributions 9 Tax relief 9 What happens to my contributions? 10 Taking your benefits 11 Existing pension entitlements 11 On leaving service 12 Death benefits 12 Absence from work - Jones Lang LaSalle policy 13 Annual Plan statements 13 Standard Life website 13 What you need to do next 13 About Standard Life 14 How to contact Standard Life 14 How to complain 14 1

4 Introduction More people in the UK are retiring earlier and living longer than ever before. You could spend over twenty years in retirement and that s around half the average working life. This means that it s important to start making plans for your retirement sooner rather than later. In addition, you may not be able to rely upon the State to provide you with more than a very small retirement pension. That s why your employer feels that membership of the Jones Lang LaSalle Pension Plan is potentially one of the most valuable benefits on offer to staff. The Plan is designed to help you invest money now to provide an income when you retire and offers flexibility (through a range of contribution and investment options) and value for money (through low charges as your employer has negotiated special terms with Standard Life). This booklet is designed to explain how your pension plan works. It shows how you can use, check and make the most of your Plan and how and when Standard Life can offer you help and support. It is also important to stay involved with your pension plan to make sure you have enough money to enjoy your retirement. It is recommended that you seek and use financial advice before making financial decisions. There may be a cost for this. This booklet is a guide only and does not form part of your contract of employment with Jones Lang LaSalle. You should print this guide and keep it in a safe place, as you may want to refer to it in the future. If you have any queries about how the Plan works after reading this guide, please contact the Standard Life helpline on Call charges will vary. 2

5 The Plan a summary How much does it cost? You don t have to contribute anything to the Plan. However, generally speaking, the more you invest, the greater the growth potential will be. Jones Lang LaSalle will contribute an amount to the Plan, based on your level of contributions and your age. Basically, the more you save, the more Jones Lang LaSalle pays, up to limits. Even if you don t want to contribute towards your own retirement income, Jones Lang LaSalle will still contribute a minimum of 4% of your Pensionable Salary. Please see pages 6-9 for more details about contribution levels. This is important It is recommended that you seek and use financial advice before making financial decisions. There may be a cost for this. Before joining the Plan, it s important you read the Key features document that comes with this pack. It contains details of the risks and commitments involved. The information Standard Life has given in this guide is based on its understanding of the law and the practice of HM Revenue & Customs as at April Tax and legislation often change. How pensions work Your contributions Jones Lang LaSalle s contributions Potential investment growth = Your pension pot Your tax-free lump sum Your pension income Standard Life s charges 3

6 The sooner you start the better Should you plan ahead? Your pension is the ultimate forward planning exercise as you may have 20, 30 or 40 years until retirement. There are two main reasons to start to save for your pension sooner rather than later: you might be able to stop working at a younger age, or you could have a bigger pension when you come to retire. So what are you waiting for? Of course, this depends on various things like how much you pay in, which funds to invest in, and how successful those fund choices are based on the size of return they deliver. You have the opportunity to prepare yourself for a great retirement. Could you live on the State Pension? If you join the Plan, you will participate fully in the State Second Pension Scheme (S2P) and so will pay full rate National Insurance contributions. At State pension age, as long as you have paid enough National Insurance contributions, you will be entitled to a basic State pension together with any pension you have an entitlement to from the State Second Pension Scheme. For the tax-year 2015/2016, if you re single, the Basic State Pension pays a week. That rises to a week for couples. You might also be entitled to a Pension Credit. This can top up your weekly income to if you re single, and for couples. You may also have the State Second Pension provision or an income from another pension, but you d be surprised how many people are not saving enough. Please note this will be replaced by a flat rate state pension ( in 2015/2016 terms) for everyone who reaches state pension age after 5 April Quick fact: People used to think of retirement as lasting for 10 or 15 years. Now, it s more like 20 to 25 years. 4

7 What s in it for me? As well as the valuable contributions from Jones Lang LaSalle towards your retirement saving, contribution flexibility and tax-efficiency, the Plan offers you: Reduced charges effective total annual fund charges for Standard Life managed funds currently start from 0.21% of the value of your fund each year. Please note that there are a range of specialist and third party managed funds available and these are subject to higher charges; details of the charges for all funds are available in the Jones Lang LaSalle Investment Guide which can be accessed online at Retirement flexibility you can start to take your pension from age 55 whether or not you stop working. Retirement choice when you take benefits, you can buy your pension from any approved pension provider. You choose whether this pension will include features such as a pension for your spouse or dependant when you die and/or annual increases to your pensions. You can also choose to take up to 25% of your retirement fund value as a tax-free lump sum. Portability you can take your pension with you if you leave Jones Lang LaSalle or change job, both you and your new employer can then contribute to the Plan. Please note that any special terms may no longer apply. Joining the Plan As noted in your contract of employment all employees will be automatically joined to the Plan on the 1st of the month following the date of joining Jones Lang LaSalle. You need take no action unless you do not wish to join the Plan. If you do nothing, you will join the Plan on the following basis: a basic employer contribution of a minimum of 4% of Pensionable Salary this contribution will be invested in the Jones Lang LaSalle 15 Year Lifestyle Profile (please refer to the website for more information on this. a default Normal Retirement Age of 65, but you can change this at any time, if you wish. You should read the full information pack including the Key features document and Key features illustration which can be accessed at You will be entitled to other valuable benefits from Jones Lang LaSalle, including life cover, which may be subject to medical underwriting. These benefits are arranged by Jones Lang LaSalle, and are not linked to the Group Flexible Retirement Plan provided by Standard Life. Please note your right to these benefits will change if you are not a member of the Plan. 5

8 Opting out, changing or stopping contributions If you wish to contribute to the Plan, you should complete a Change form, which can be found on the pension website, or on Jones Lang LaSalle s intranet, Connect and send this to Jones Lang LaSalle s Payroll Department in Norwich before the 10 th of the month in which you wish the changes to be made. The pension contributions paid to Standard Life will be detailed on your payslip each month. If you decide you do not wish to join the Plan, you can opt out within 30 days online or by calling the Standard Life helpline on (call charges will vary). If you choose to leave after the end of this 30 day period, you should complete a Stop or Change form which can be found on the pension website, or on Jones Lang LaSalle s intranet, Connect. You can change your individual fund holding or change the lifestyle profile you are invested in at any time by logging on to or by calling the Standard Life helpline on (call charges will vary). The Plan in detail Core contributions As a member of the Plan, you do not have to make any contributions. Jones Lang LaSalle will contribute 4% of your Pensionable Salary into the Plan to provide benefits on your behalf. These are called core contributions. 6

9 Salary Exchange If you make a voluntary contribution, you will automatically be enrolled in the Salary Exchange arrangement unless you opt out by completing the Change form which can be found on the pension website, or on Jones Lang LaSalle s intranet, Connect. You will receive a further contribution from Jones Lang LaSalle by using the Salary Exchange arrangement (shown opposite). Instead of the voluntary contribution being deducted from net salary, Salary Exchange works by reducing your salary by the amount of voluntary contribution you have elected to pay. Jones Lang LaSalle will then pay this amount to Standard Life each month. Because Jones Lang LaSalle saves National Insurance (because your salary is reduced), Jones Lang LaSalle has decided currently to pass on a percentage of this National Insurance saving, currently 5%, to you as an additional pension contribution on contributions of up to 20% of actual basic salary received (this enhancement could be amended or withdrawn in the future). Because your salary will have reduced, your National Insurance will be based on a lower amount, also saving you money. The amount you save will depend on your salary and the level of your voluntary contributions. An example below shows how this would work if your salary is 2,500 per month ( 30,000 per year) and you pay a 4% voluntary contribution (tax year 2015/16): Salary reduces by 4% of 2,500 = 100 Enhancement paid by Jones Lang LaSalle 5% of 100 = 5 Your National Insurance reduces by 12 Amount paid to Standard Life each month 105 Remember, if you use Salary Exchange, the enhancement is an extra contribution paid by Jones Lang LaSalle. The example above does not include the core and additional Company contributions that would also be payable. 7

10 Jones Lang LaSalle offers Salary Exchange because it believes it will be beneficial for most members of the Plan. However, you may not benefit from Salary Exchange, for example, if your total annual taxable earnings would reduce to below the Primary Earnings Threshold ( 8,060 for tax year 2015/16). Also, because your salary will reduce, your entitlement to some State benefits may be affected. Salary Exchange isn t right for some people. It s a change to your terms of employment and could affect other Company benefits or your ability to borrow. Therefore, it is important that you form your own view and if you feel it appropriate, take your own financial advice as to whether Salary Exchange best suits your personal financial circumstances. There may be a cost for this. For further information please read the Jones Lang LaSalle Salary Exchange Q&A document and terms and conditions available on Jones Lang LaSalle s intranet, Connect. Matching contributions You should think about making your own contributions to the Plan in addition to the core contributions because: the more you invest, the greater potential for growth if you choose to make a contribution, then Jones Lang LaSalle will make (additional) matching contributions to the Plan, in addition to the core contributions mentioned Jones Lang LaSalle will pay matching contributions on the first 4% of contributions that you make. The rate of matching contributions depends on your age. The increase in contributions takes place from the 1 st of the month following the month in which you attain the higher age. The table below shows the matching contributions payable by Jones Lang LaSalle depending on your age. It also shows the total payable, including the core contributions. The responsibility for the operation of this payment structure remains with Jones Lang LaSalle. Any illustrations of future benefits provided by Standard Life will not take into account the potential payment increases from movements within this payment structure. All assumptions used will be clearly set out in the illustrations. Age 29 and below 1 for 1 match 30 to /2 for 1 match 46 and over 2 for 1 match Core company contribution (% of your Pensionable Salary) Your voluntary contribution (% of your Pensionable Salary) Additional company contribution (% of your Pensionable Salary) 4% 0 0 4% 4% 1% 1% 6% 4% 2% 2% 8% 4% 3% 3% 10% 4% 4% 4% 12% 4% 0 0 4% 4% 1% 1.5% 6.5% 4% 2% 3% 9% 4% 3% 4.5% 11.5% 4% 4% 6% 14% 4% 0 0 4% 4% 1% 2% 7% 4% 2% 4% 10% 4% 3% 6% 13% 4% 4% 8% 16% Total contribution including core (% of your Pensionable Salary) 8

11 Here is an example of how this works. You are aged 44 and wish to pay a contribution of 4% of Pensionable Salary. The contribution to the Plan for you will be as follows: Your contribution 4% Company s core contribution 4% Company s matching contribution (1 1 2 for 1 match) 6% Total contribution 14% Annual Allowance HM Revenue & Customs has an Annual Allowance for the total payments that you, your employer and any third party can make to all your pension plans (excluding transfer payments). You may have to pay a tax charge on any payments that exceed this limit. If the total payments to all your plans are less than the limit in one tax year, you may be able to carry forward the unused allowance for up to three tax years. Lifetime Allowance HM Revenue & Customs imposes a limit on the total funds that can be used to provide pension benefits without being subject to a tax charge. This maximum is known as the Lifetime Allowance and applies to the total value of all pension savings. This includes any other personal pension benefits or any pension benefits from an employer s scheme that you may have. For more details on the Annual Allowance or Lifetime Allowance, please refer to Information about tax relief, limits and your pension (GEN658), or speak to your financial adviser. Payment of contributions Jones Lang LaSalle will endeavour to ensure that contributions are paid to Standard Life as quickly as possible after deductions made via Salary Exchange. The contributions have to be allocated and invested by Standard Life on receipt and, whilst this will be done as quickly as possible, you will not see these contributions in your fund immediately. However, Jones Lang LaSalle will ensure that contributions are passed to Standard Life within the time scale required by law. You can change the level of your contributions. To do this you will need to complete the Change form which can be found on the pension website, or on Jones Lang LaSalle s intranet, Connect. You can also make one-off lump-sum contributions in addition to your regular voluntary contributions. Please contact the Payroll Department in Norwich if you are interested in this option. 9

12 Tax relief One of the main advantages of contributing to a pension scheme is that it is tax efficient. Contributions that you make directly yourself qualify for tax relief and the investments you make are held in funds which have beneficial tax treatment. With Salary Exchange, you ll save on National Insurance contributions and reduce the amount of your earnings that are subject to income tax. However, Salary Exchange isn t right for some people. It s a change to your terms of employment and could affect your State benefits, other Company benefits, or your ability to borrow. If you re not sure whether Salary Exchange is right for you, you should speak to your employer, or you could ask an adviser for guidance. If you join the Salary Exchange arrangement, but have previously claimed higher rate tax relief for your personal voluntary pension contributions and your tax code has been adjusted through PAYE to collect this higher rate of tax relief, then you must contact your local tax office to have the adjustment reversed. By not doing so, you may not pay enough income tax. If you decide to opt out of the Salary Exchange arrangement, then the provision of tax relief will be calculated in a different way: HM Revenue & Customs will top up your pension payments an extra 20 for every 80. And if you pay higher rate or additional rate tax, you can claim an extra 20% or 25% through your annual tax return. Alternatively, if you wish, you can claim your tax relief at any time by submitting a separate HM Revenue & Customs form for this purpose. Standard Life will issue you with a Contributions Payment Certificate to support this claim. As with any investment the value of your fund can go up or down and may be worth less than what was paid in. What happens to my contributions? Jones Lang LaSalle has chosen a 15 Year Lifestyle Profile as a potentially appropriate investment choice for new members. As you will be automatically joined into the Plan when you start employment with Jones Lang LaSalle, your own contributions and those from your employer will be invested in the Jones Lang LaSalle 15 Year Lifestyle Profile unless you specify an alternative investment choice. Your money will stay invested in this lifestyle profile unless you decide to change where you invest. You should review this and check it is suitable for your needs. For more information on the investment options available, and the associated charges, please read the Jones Lang LaSalle Investment Guide on the website Please note, the value of investments can go down as well as up, and may be worth less than what was paid in. Reviewing your investment decision Because there are different types of risk, and the importance of each can change over time, it s important to understand that whatever decision you make about your investments is not a once and for all decision. You should review your investment decision regularly to check that your strategy is still appropriate, especially if you decide to change your planned retirement date. Changing your investments The Plan allows a good deal of flexibility with regard to changing your investments. If you do decide that you want to switch the money you ve already invested, or to pay future contributions into different funds, you can do this by logging on to or by calling the Standard Life helpline on (call charges will vary). Further information on funds and investments is detailed in your Investment Guide. 10

13 What happens when you retire? There are a range of ways for you to access your pension savings when you reach 55 (age 57 from 2028) - from fixed income (annuity) and flexible income (drawdown) options, to combinations of the two. You can also take a lump sum, with normally no tax to pay on the first 25% of your pension pot. When the time comes for you to consider retirement, we ll write to you and explain your options in more detail, to help you find the right option for you. Your options at retirement will always depend on your personal circumstances. If you want to access some of the more flexible options, you may need to move to a different pension product first. Transferring will not be right for everyone. There are a number of points to consider, as you could be losing money by giving up any valuable benefits or guarantees that your current plan offers. You might also want to seek appropriate guidance or advice before you make any decisions. An adviser may charge a fee for this. In the meantime, here s a quick summary of how it works. Flexible income Flexible income, or drawdown, gives you the freedom to choose your own level of income and the flexibility to suit your personal needs. To access this you may need to move to a different pension product which offers this functionality. Different charges may apply. As with all investments, your capital is subject to risk, and the value can go down as well as up. Fixed income Fixed income, or an annuity, is a guaranteed income for life. It s easy to set up and won t need any further attention from then on. You have to pay income tax on it, just as you would your salary. You should be aware that the decision to purchase a fixed income product should be carefully considered, as it normally can t be changed in the future. Take cash from your pension Withdraw lump sums from your pension whenever you like. The first 25% is normally tax-free. If you take it all out as cash, you need to think about the tax you ll pay. Existing pension entitlements If you already have a personal pension or a stakeholder plan, the following options are available to you: You can continue to contribute to your existing plan and join the Jones Lang LaSalle Pension Plan, bearing in mind the Lifetime Allowance and Annual Allowance limits. Please refer to Information about tax relief, limits and your pension (GEN658), or speak to your financial adviser for more information about this. Jones Lang LaSalle will not make contributions into any other existing personal pension or stakeholder plans You can stop contributing to your existing plan, but leave the plan paid up with the previous provider. However, the fund management charge may still be deducted, which may result in your fund value reducing You can transfer the fund from your existing plan(s) into the Jones Lang LaSalle Pension Plan. Previous occupational pension arrangements Pensions built up in occupational pension schemes of previous employers can be left until retirement or they can be transferred into the Jones Lang LaSalle Pension Plan. Should you transfer benefits from previous arrangements? Transferring benefits from other pension arrangements may not always be in your best interests. If you wish to transfer benefits from another pension arrangement, it is recommended that you seek financial advice because of the complexities involved. Jones Lang LaSalle cannot take responsibility for the quality of any advice you receive or any action that you take as a result of that advice. Should you require further information on the transfer process please contact Standard Life on (call charges will vary). What happens to your pension if you die before you retire? If you have another source of income or want to support others after you re gone then leaving your pension invested could be the right choice for you. You can ask us to pass on your remaining pot to anyone you choose, inheritance tax-free. If you die before age 75, this will normally be tax-free If you die after age 75, this will normally be taxed as income. 11

14 On leaving service If you leave employment, no further contributions will be payable by Jones Lang LaSalle and the scheme charges will continue to apply. The full value of your pension plan will remain your property after leaving and so you have several options, however, it is recommended that you seek financial advice: You can continue to contribute to the Plan if you wish, but Jones Lang LaSalle will no longer contribute. Your new employer can contribute to the Plan, if it is willing to do so You can suspend contributions to the Plan. In this case, the fund you have built up will continue to be invested and may go down as well as up. If you later change your mind, you may be able to start contributing to the Plan again You can elect to transfer the accumulated value of the Plan to an alternative appropriate pension arrangement, see the above section for more information on transferring If you are age 55 or above and wish to start taking benefits from the Plan, you can do so. The retirement options described on page 11 would be available to you Standard Life will not apply additional charges or penalties if you stop contributing to the Plan. Standard Life regularly reviews its charges and sometimes needs to increase them to reflect changes in its overall costs, or assumptions. Any increases will be fair and reasonable. Death benefits On death before retirement If you die before you start taking your pension, your dependants will normally receive the full value of your pension plan. Standard Life would normally pay this as a lump sum. On death after retirement If you die after retirement, the benefits payable to your dependants will depend upon the type of pension you select from your pension when you retire. You can choose whether a pension will continue to your spouse or dependants on your death. Life Cover provided by Jones Lang LaSalle The benefit is as follows: An amount of 4 x Pensionable Salary at date of death payable as a lump sum. The benefit is provided through a separate arrangement, subject to any conditions imposed by the insurance company that underwrites it. An expression of wish form can be obtained from your HR Department. Because your personal circumstances may change in the future, it is advisable to update this form regularly. To ensure that this lump sum may be paid tax free, the Trustees of the Jones Lang LaSalle Life Assurance Scheme have total discretion to decide to whom the payment should be made. 12

15 Absence from work Jones Lang LaSalle policy Illness/Long-term disability If you are absent from work because of illness for up to 26 weeks, Jones Lang LaSalle will continue to pay pension contributions into the Plan in accordance with Jones Lang LaSalle s sickness pay policy. Jones Lang LaSalle will continue make the contributions agreed under the Salary Exchange agreement and pay them into the Plan. Maternity leave provided by Jones Lang LaSalle Jones Lang LaSalle s pension contributions will continue to be paid during paid maternity leave, based upon your salary prior to maternity leave. If there are any salary rises during maternity leave, Company contributions will be based on this increased salary. Your pension contributions can continue, but if you would prefer, they can be based upon your actual earnings during maternity leave. Company pension contributions will cease during any period of unpaid maternity leave. You have the choice if you want to make your own contributions during that period. For further information regarding the Jones Lang LaSalle benefits please refer to Jones Lang LaSalle s intranet, Connect. Annual Plan statements You will receive a yearly statement from Standard Life that will allow you to check the progress of your pension. The statement will give the current value of each of the investment funds selected by you and details of the contributions that have been invested over the year. If you elected to opt out of Salary Exchange, you will also receive a Contributions Payment Certificate from Standard Life, following the end of each tax year (5 th April) to support any claim for higher-rate tax relief. You can get statements at any time by accessing your plan online at or calling Standard Life on Standard Life website Further information regarding the Plan can be found by logging on to You can view full plan information and manage your plan online by logging in to your Plan on the Managing your plan online section. Once logged in you can: See what your pension is worth at today s date and what it may be worth in the future Check how much is being paid in Check and change your investments Learn more about pensions with useful tutorials and calculators Update your personal details Get more information or download your documents. What you need to do next An important consideration The information in this document is based on Standard Life s understanding of the law and the practice of HM Revenue & Customs as at April 2015 but tax and legislation may change in the future. What to read There are other guides on the website to help you make a balanced and informed decision about your future. Please read them carefully. It is also important you read the Key Features document. It contains details of the risks and commitments involved in joining the Plan. Who to speak to If there is anything you don t understand, or if you don t think this Plan is suitable for you please talk to Jones Lang LaSalle s HR Manager, responsible for Pensions. It is recommended you seek and use financial advice before making financial decisions. If you don t have your own financial adviser, you can find one in your area by visiting There may be a cost for this. 13

16 About Standard Life Like most people, you want to know that your financial future is in good hands. Standard Life places a great deal of importance on getting your money to work hard for you; that is why we believe you can have confidence in us. Standard Life has been looking after its customers for over 185 years and currently around 6 million people (as at 31 December 2013) worldwide rely on us for their financial needs. How to contact Standard Life If you have any questions or would like to make any changes to your Plan, you can access your Plan online or you can phone, or write to Standard Life. Online: Phone: Calls may be monitored and/or recorded to protect both you and us and help with our training. Call charges will vary. Please have your Plan number ready when calling. (There is no guarantee that any sent will be received or will not have been tampered with or intercepted during transmission. Therefore, you may prefer to contact Standard Life by phone, or in writing.) Write to: Standard Life Assurance Limited Corporate Pensions Standard Life House 30 Lothian Road Edinburgh EH1 2DH United Kingdom How to complain Standard Life has a leaflet that summarises the Standard Life complaint handling procedure. If you d like a copy, please contact Standard Life. If you ever need to complain, first write to Standard Life at the address above. If you are not satisfied with the response, you may be able to complain to: The Financial Ombudsman Service South Quay Plaza 183 Marsh Wall London E14 9SR Telephone: Switchboard: Fax: Website: Complaining to the Ombudsman will not affect your legal rights. There is a dedicated Standard Life helpline number for all the help you need with your pension: Call charges will vary. 14

17 Notes 15

18 Notes 16

19 Planning your retirement using the Jones Lang LaSalle Pension Plan for Directors 17

20 Standard Life Assurance Limited is registered in Scotland (SC286833) at Standard Life House, 30 Lothian Road, Edinburgh EH1 2DH. Standard Life Assurance Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. WSMEE1JLLST Standard Life, images reproduced under licence

Group Personal Pension Key features

Group Personal Pension Key features Group Personal Pension Key features This is an important document. Please read it and keep for future reference. Key features document: Pages 1 17 Terms and conditions for joining: Pages 18 20 The Financial

More information

retirement planning the retirement you want Heineken UK Flexible Retirement Plan

retirement planning the retirement you want Heineken UK Flexible Retirement Plan my retirement planning the retirement you want Heineken UK Flexible Retirement Plan Contents Get an overview of the Heineken UK Flexible Retirement Plan What is the Flexible Retirement Plan? 4 Your benefits

More information

PLANNING THE RETIREMENT YOU WANT

PLANNING THE RETIREMENT YOU WANT PLANNING THE RETIREMENT YOU WANT Charlotte Supply Chain Graduate HEINEKEN UK Flexible Retirement Plan Contents A reminder of... How the Flexible Retirement Plan works 4 The benefits 6 Consider what you

More information

Group Additional Voluntary Contributions Plan Key features

Group Additional Voluntary Contributions Plan Key features Group Additional Voluntary Contributions 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.

More information

Retirement Account Plan Key features

Retirement Account Plan Key features Retirement Account 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 information

Group Flexible Retirement Plan Key features

Group Flexible Retirement Plan Key features 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 21 Terms and conditions for joining: Pages 22

More information

KEY FEATURES OF THE INCOME DRAWDOWN PLAN. Important information you need to read

KEY FEATURES OF THE INCOME DRAWDOWN PLAN. Important information you need to read KEY FEATURES OF THE INCOME DRAWDOWN PLAN Important information you need to read THE FINANCIAL CONDUCT AUTHORITY (FCA) IS A FINANCIAL SERVICES REGULATOR. IT REQUIRES US, SCOTTISH WIDOWS, TO GIVE YOU THIS

More information

Your retirement income. Exploring your options

Your retirement income. Exploring your options Your retirement income Exploring your options Contents 01 Accessing your pension savings with Standard Life 03 What do you want to do with your pension pot? 09 A regular retirement income for the rest

More information

Key features of the Group Personal Pension Plan

Key features of the Group Personal Pension Plan For employees Key features of the Group Personal Pension Plan Contents Important note 2 Its aims 2 Your commitment 2 Risks 3 Questions and answers 4 Other information 9 How to contact us 12 The Financial

More information

Self Invested Personal Pension for Wrap Key Features

Self Invested Personal Pension for Wrap Key Features Self Invested Personal Pension for Wrap Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is an independent financial services regulator.

More information

Immediate Vesting Personal Pension Plan Key features

Immediate Vesting Personal Pension Plan Key features Immediate Vesting Personal Pension Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is the independent financial services regulator.

More information

Key features of the Flexible Pension Plan

Key features of the Flexible Pension Plan For customers Key features of the Flexible Pension Plan Contents Its aims 2 Your commitment 2 Risks 3 Questions and answers 4 Other information 8 How to contact us 9 The Financial Conduct Authority is

More information

The Oracle My Pension Plan. Giving you the power to choose

The Oracle My Pension Plan. Giving you the power to choose The Oracle My Pension Plan A Flexible Retirement Plan from Standard Life Giving you the power to choose Contents 03 Welcome 04 Benefits to you 06 Why should you join? 08 The state won t keep you warm 10

More information

KEY FEATURES OF THE GROUP PERSONAL PENSION PLAN

KEY FEATURES OF THE GROUP PERSONAL PENSION PLAN KEY FEATURES OF THE GROUP PERSONAL PENSION PLAN The Financial Conduct Authority is a financial services regulator. It requires us, Royal London, to give you this important information to help you to decide

More information

Instruction for payment of death benefits

Instruction for payment of death benefits Instruction for payment of death benefits Group Flexible Retirement Plan/ Active Money Personal Pension/ Personal Pension/Stakeholder Pension Filling in this form 0515 Your payments aim to build up a fund

More information

KEY FEATURES OF THE PERSONAL PENSION (TOP UP PLAN) Important information you need to read

KEY FEATURES OF THE PERSONAL PENSION (TOP UP PLAN) Important information you need to read KEY FEATURES OF THE PERSONAL PENSION (TOP UP PLAN) Important information you need to read THE FINANCIAL CONDUCT AUTHORITY IS A FINANCIAL SERVICES REGULATOR. IT REQUIRES US, SCOTTISH WIDOWS, TO GIVE YOU

More information

Free Standing Additional Voluntary Contributions Plan Key Features

Free Standing Additional Voluntary Contributions Plan Key Features Free Standing Additional Voluntary Contributions 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.

More information

STAKEHOLDER PENSION. KEY FEATURES. This is an important document that you should read and keep in a safe place. You may need to read it in future.

STAKEHOLDER PENSION. KEY FEATURES. This is an important document that you should read and keep in a safe place. You may need to read it in future. STAKEHOLDER PENSION KEY FEATURES. This is an important document that you should read and keep in a safe place. You may need to read it in future. 2 STAKEHOLDER PENSION KEY FEATURES USING THIS DOCUMENT.

More information

KEY FEATURES OF THE GROUP STAKEHOLDER PENSION SCHEME

KEY FEATURES OF THE GROUP STAKEHOLDER PENSION SCHEME KEY FEATURES OF THE GROUP STAKEHOLDER PENSION SCHEME The Financial Conduct Authority is a financial services regulator. It requires us, Friends Life Limited to give you this important information to help

More information

partnership pension account A guide to available benefits

partnership pension account A guide to available benefits partnership pension account A guide to available benefits Contents partnership pension account 3 Paying into your pension 4 Choosing your pension fund 8 How to open a partnership pension account 13 Leaving

More information

The Personal Range Key Features of the Individual Personal Pension

The Personal Range Key Features of the Individual Personal Pension The Personal Range Key Features of the Individual Personal Pension Reference MPEN11/A 04.16 The Financial Conduct Authority is a financial services regulator. It requires us, Friends Life and Pensions

More information

Active Money Personal Pension Key Features

Active Money Personal Pension Key Features Active Money Personal Pension Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is the independent financial services regulator.

More information

G4S Personal Pension Plan Employee Guide

G4S Personal Pension Plan Employee Guide G4S Personal Pension Plan Employee Guide Expiry 05/04/16 Section Page number Introduction 1 Contacts 1 What the Plan can offer you 2 How does the Plan work? 3 Contribution levels 4 Contribution limits

More information

Key features of the Home Retail Group Personal Pension Plan

Key features of the Home Retail Group Personal Pension Plan Key features of the Home Retail Group Personal Pension Plan This is an important document which you should keep in a safe place. You may need to read it in future. Home Retail Group Personal Pension Plan

More information

Key Features Document

Key Features Document Keyfacts Key Features Document Transact Section 32 Buy Out Bond IntegraLife UK Limited A firm authorised and by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and

More information

Beaufort Self Invested Personal Pension. Key Features Document

Beaufort Self Invested Personal Pension. Key Features Document Beaufort Self Invested Personal Pension Key Features Document Introduction The purpose of this document is to provide important information to help you to decide whether our SIPP is right for you. You

More information

Capital Investment Bond and Distribution Bond Key Features (Additional investment only)

Capital Investment Bond and Distribution Bond Key Features (Additional investment only) Capital Investment Bond and Distribution Bond Key Features (Additional investment only) This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a

More information

Self Invested Personal Pension and Group Self Invested Personal Pension

Self Invested Personal Pension and Group Self Invested Personal Pension Self Invested Personal Pension and Group Self Invested Personal Pension Instruction for payment of death benefits Who this form is for You should complete this form to let Standard Life know how you would

More information

Onshore Bond for Wrap Key Features

Onshore Bond for Wrap Key Features Onshore Bond for Wrap Key Features This is an important document. Please read it and keep it along with your personal illustration for future reference. The Financial Conduct Authority is a financial services

More information

KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) Important information you need to read

KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) Important information you need to read KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) Important information you need to read THE FINANCIAL CONDUCT AUTHORITY IS A FINANCIAL SERVICES REGULATOR. IT REQUIRES US, SCOTTISH WIDOWS, TO GIVE

More information

Key Features of the Stakeholder Pension Scheme

Key Features of the Stakeholder Pension Scheme Key Features of the Stakeholder Pension Scheme Reference MPEN2/A 07.16 The Financial Conduct Authority is a financial services regulator. It requires us, Friends Life and Pensions Limited, to give you

More information

KEY FEATURES OF THE PHASED ANNUITY PLAN

KEY FEATURES OF THE PHASED ANNUITY PLAN KEY FEATURES OF THE PHASED ANNUITY PLAN The Financial Services Authority is the independent financial services regulator. It requires us, Friends Life Company Ltd, to give you this important information

More information

DB Personal Pension Plan

DB Personal Pension Plan Deutsche Bank Human Resources DB Personal Pension Plan Handbook for employees of DB Group Services (UK) Limited DB Personal Pension Plan Contents Introduction 4 What is the Group Personal Pension Flex?

More information

Provide for your loved ones. A guide to death benefits from your pension plan

Provide for your loved ones. A guide to death benefits from your pension plan Provide for your loved ones A guide to death benefits from your pension plan This guide covers the death benefits from the following plans: Self Invested Personal Pension Group Self Invested Personal Pension

More information

IMPORTANT DOCUMENT PLEASE READ WESLEYAN PERSONAL PENSION PLAN

IMPORTANT DOCUMENT PLEASE READ WESLEYAN 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 information

Self Invested Personal Pension. How it can work for you

Self Invested Personal Pension. How it can work for you Self Invested Personal Pension How it can work for you 2 Self Invested Personal Pension Contents 02 A single home for your pensions 03 Maximising your tax efficiency 04 Take charge of your payments 06

More information

Key Features. of the Suffolk Life SIPP (Deed Poll Scheme)

Key Features. of the Suffolk Life SIPP (Deed Poll Scheme) Key Features of the Suffolk Life SIPP (Deed Poll Scheme) This document is part of a set, all of which should be read together. Key Features Your Personal Illustration Schedule of Fees Schedule of Allowable

More information

Your retirement income. Exploring your options

Your retirement income. Exploring your options Your retirement income Exploring your options Contents 02 What do you want to do with your pension fund? 07 A regular retirement income for the rest of your life 10 A flexible income from a Self Invested

More information

Key Features of the Prudential Personal Pension Scheme

Key Features of the Prudential Personal Pension Scheme Key Features of the Prudential Personal Pension Scheme Important information you need to read The Financial Conduct Authority is the independent financial services regulator. It requires us, Prudential,

More information

GUIDE TO RETIREMENT PLANNING FINANCIAL GUIDE. Making the most of the new pension rules to enjoy freedom and choice in your retirement

GUIDE TO RETIREMENT PLANNING FINANCIAL GUIDE. Making the most of the new pension rules to enjoy freedom and choice in your retirement GUIDE TO RETIREMENT PLANNING Making the most of the new pension rules to enjoy freedom and choice in your retirement FINANCIAL GUIDE WELCOME Making the most of the new pension rules to enjoy freedom and

More information

The Plan for Your Future

The Plan for Your Future The TJX UK Pension Plan The Plan for Your Future Pension Booklet 2 P age Welcome to the TJX UK Pension Plan To look after your financial future, you need to take a little time out of your present. Setting

More information

The Personal Range Key Features of the Individual Personal Pension Transfer Value Account

The Personal Range Key Features of the Individual Personal Pension Transfer Value Account The Personal Range Key Features of the Individual Personal Pension Transfer Value Account Reference MPEN11/F 07.15 The Financial Conduct Authority is a financial services regulator. It requires us, Friends

More information

Salary sacrifice guide

Salary sacrifice guide Salary sacrifice guide I'm dreaming of travelling the world Arriva Workplace Pension Plan This guide has been introduced to help you understand how salary sacrifice works in the Arriva Workplace Pension

More information

Wrap ISA and. Wrap Personal Portfolio. Key Features. Helping you decide. 2. Your commitment. 1. Its aims

Wrap ISA and. Wrap Personal Portfolio. Key Features. Helping you decide. 2. Your commitment. 1. Its aims Wrap ISA and Wrap Personal Portfolio Key Features This key features document is for UK residents only. The Financial Conduct Authority is a financial services regulator. It requires us, Standard Life,

More information

ISA and Investment Fund Key features

ISA and Investment Fund Key features ISA and Investment Fund Key features This is an important document. Please read it and keep for future reference. The Financial Services Authority is the independent financial services regulator. It requires

More information

Capital Investment Bond Key features for additional investments only

Capital Investment Bond Key features for additional investments only Capital Investment Bond Key features for additional investments only This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services

More information

Let s talk pension flexibility The current position

Let s talk pension flexibility The current position Let s talk pension flexibility The current position 1 Let s talk pension flexibility the current position Change is coming. Budget 2014 heralded a shake-up of the pension system that will change how we

More information

Key Features of the Local Government Additional Voluntary Contributions (AVC) Scheme for England & Wales

Key Features of the Local Government Additional Voluntary Contributions (AVC) Scheme for England & Wales Key Features of the Local Government Additional Voluntary Contributions (AVC) Scheme for England & Wales Important information you need to read The Financial Conduct Authority is an independent financial

More information

Key Features of the NHS Additional Voluntary Contributions (AVC) Scheme

Key Features of the NHS Additional Voluntary Contributions (AVC) Scheme Key Features of the NHS Additional Voluntary Contributions (AVC) Scheme Important information you need to read The Financial Conduct Authority is a financial services regulator. It requires us, Prudential,

More information

PENSIONS REFORM 6 APRIL 2015 YOUR QUESTIONS ANSWERED.

PENSIONS REFORM 6 APRIL 2015 YOUR QUESTIONS ANSWERED. PENSIONS REFORM 6 APRIL 2015 YOUR QUESTIONS ANSWERED. Following Government changes effective on 6 April 2015, there are different ways for anyone over 55 to access their defined contribution pension pots

More information

It s flexible. Key features of the Flexible Income Annuity. Flexible Income Annuity

It s flexible. Key features of the Flexible Income Annuity. Flexible Income Annuity It s flexible Key features of the Flexible Income Annuity Flexible Income Annuity This is an important document and you should read it before deciding whether to buy your pension annuity from us Purpose

More information

www.civilservice-pensions.gov.uk

www.civilservice-pensions.gov.uk www.civilservice-pensions.gov.uk This booklet is published by Civil Service Pensions. Crown Copyright June 2008 Printed by St Ives Direct PPA-1 partnership pension account Contents partnership pension

More information

Standard Life Active Retirement For accessing your pension money

Standard Life Active Retirement For accessing your pension money Standard Life Active Retirement For accessing your pension money Standard Life Active Retirement our ready-made investment solution that allows you to access your pension savings while still giving your

More information

Your guide to the Universities Superannuation Scheme

Your guide to the Universities Superannuation Scheme Your guide to the Universities Superannuation Scheme February 2016 02 Contents The document contains the following sections: Contents 02 About this guide 03 Your USS at a glance 04 Joining the scheme 05

More information

Stakeholder pension decision trees

Stakeholder pension decision trees Stakeholder pension decision trees Financial Services Authority Decision trees provide information and help you to answer the question: Would a stakeholder pension be a good choice for me as part of my

More information

Key Features of the Prudential Premier Personal Pension Plan

Key Features of the Prudential Premier Personal Pension Plan Key Features of the Prudential Premier Personal Pension Plan Important information you need to read The Financial Conduct Authority is a financial services regulator. Prudential is required to give you

More information

pension benefits for new employees

pension benefits for new employees February 2013 pension benefits for new employees University of Newcastle upon Tyne Retirement Benefits Plan Saving for your future with help from the University At Newcastle University, we are committed

More information

O 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 O P Q RETIREMENT & DEATH BENEFITS PLAN For Employees of The OPQ Company MEMBERS' BOOKLET 2014 EDITION Reviewed January 2014 INTRODUCTION This booklet is an overview of the main benefits and conditions

More information

Key features of the Aviva Self Invested Personal Pension

Key features of the Aviva Self Invested Personal Pension Key features of the Aviva Self Invested Personal Pension Retirement Investments Insurance Health Key features of the Aviva Self Invested Personal Pension The Financial Conduct Authority is a financial

More information

Information about tax relief, limits and your pension

Information about tax relief, limits and your pension Information about tax relief, limits and your pension Published: August 2015 Laws and tax rules have changed in 2015. The information here is based on our understanding in August 2015. Your personal circumstances

More information

Ceridian Futures Retirement Plan

Ceridian Futures Retirement Plan Ceridian Futures Retirement Plan Summary of Benefits Summary of Benefits Ceridian Futures Retirement Plan 1 Summary of Benefits Introduction Who is eligible? How the Plan works Contributions The Ceridian

More information

KEY FEATURES OF THE OPENWORK PENSION ACCOUNT (SIPP)

KEY 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 information

KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) FOR INCOME DRAWDOWN OR PHASED RETIREMENT. Important information you need to read

KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) FOR INCOME DRAWDOWN OR PHASED RETIREMENT. Important information you need to read KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) FOR INCOME DRAWDOWN OR PHASED RETIREMENT Important information you need to read THE FINANCIAL CONDUCT AUTHORITY IS A FINANCIAL SERVICES REGULATOR.

More information

ISA and Personal Portfolio

ISA and Personal Portfolio ISA and Personal Portfolio 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 information

Key Features of the Universities Superannuation Scheme Money Purchase AVC Facility

Key Features of the Universities Superannuation Scheme Money Purchase AVC Facility Key Features of the Universities Superannuation Scheme Money Purchase AVC Facility Important information you need to read The Financial Conduct Authority is a financial services regulator. It requires

More information

Elevate. Your guide to the Elevate Pension Investment Account. I need a pension that will look after me and my family

Elevate. Your guide to the Elevate Pension Investment Account. I need a pension that will look after me and my family Elevate Your guide to the Elevate Pension Investment Account 1 I need a pension that will look after me and my family What is Elevate? 5 What is the Elevate PIA? 6 Choosing Investments 12 Your options

More information

GLOBAL AEROSPACE UNDERWRITING MANAGERS PENSION SCHEME. Defined Contribution Section

GLOBAL AEROSPACE UNDERWRITING MANAGERS PENSION SCHEME. Defined Contribution Section GLOBAL AEROSPACE UNDERWRITING MANAGERS PENSION SCHEME Defined Contribution MEMBER'S HANDBOOK May 2012 CONTENTS Clause Page INTRODUCTION... 3 Explanation of terms and expressions used in this booklet...

More information

Welplan Pensions. Flexibility for members from 6 April 2016. Spotlight on flexibility:

Welplan Pensions. Flexibility for members from 6 April 2016. Spotlight on flexibility: Welplan Pensions Flexibility for members from 6 April 2016 Spotlight on flexibility: Pension freedom is great news for members Changes in the law mean that from 6 April 2015 many members of pension schemes

More information

Members booklet Defined Contribution Section Retirement Account (Applicable to those who are a member of the 100+ section)

Members booklet Defined Contribution Section Retirement Account (Applicable to those who are a member of the 100+ section) Members booklet Defined Contribution Section Retirement Account (Applicable to those who are a member of the 100+ section) From 1 October 2015 GKN Group Pension Scheme 2012 GKN Group Pension Scheme 2012

More information

THE MERLIN ENTERTAINMENTS PLC

THE MERLIN ENTERTAINMENTS PLC THE MERLIN ENTERTAINMENTS PLC GROUP PERSONAL PENSION PLAN A guide to help you prepare for the retirement you want Your Merlin company pension is provided by Scottish Widows in association with JLT. SUPPORTING

More information

Defined Contribution Plan With effect from 1 January 2013

Defined Contribution Plan With effect from 1 January 2013 The Baptist Pension Scheme Defined Contribution Plan With effect from 1 January 2013 Basic Section Explanatory Booklet September 2012 The Baptist Pension Scheme, Baptist House, PO Box 44, 129 Broadway,

More information

The Money Advice Service is here to help you manage your money better. We provide clear, unbiased advice to help you make informed choices.

The Money Advice Service is here to help you manage your money better. We provide clear, unbiased advice to help you make informed choices. Pensions The Money Advice Service is here to help you manage your money better. We provide clear, unbiased advice to help you make informed choices. We try to ensure that the information and advice in

More information

Key Features of the Personal Pension

Key Features of the Personal Pension Key Features of the Personal Pension For plans started after 12 December 2004 Key Features of the Personal Pension The Financial Services Authority is the independent financial services regulator. It

More information

Important information. Key Features of the Teachers Additional Voluntary Contributions (AVC) Scheme

Important information. Key Features of the Teachers Additional Voluntary Contributions (AVC) Scheme Important information Key Features of the Teachers Additional Voluntary Contributions (AVC) Scheme > Contents About this booklet 4 About the Teachers AVC Scheme 5 Its aim 5 Your commitment 5 Risks 6 Questions

More information

Key features of the Protected Retirement Plan

Key features of the Protected Retirement Plan Key features of the Protected Retirement Plan Customer version The Financial Conduct Authority is a financial services regulator. It requires us, LV=, to give you this important information to help you

More information

The United Reformed Church. Ministers Pension Fund. A guide to. Additional Voluntary Contributions

The United Reformed Church. Ministers Pension Fund. A guide to. Additional Voluntary Contributions The United Reformed Church Ministers Pension Fund A guide to Additional Voluntary Contributions June 2015 A guide for members of the United Reformed Church Ministers Pension Fund (URCMPF) page 2 The United

More information

THE MERLIN ENTERTAINMENTS PLC

THE MERLIN ENTERTAINMENTS PLC THE MERLIN ENTERTAINMENTS PLC GROUP PERSONAL PENSION PLAN A guide to help you prepare for the retirement you want Your Merlin company pension is provided by Scottish Widows in association with JLT. SUPPORTING

More information

WELCOME TO YOUR GREGGS PENSION SCHEME.

WELCOME TO YOUR GREGGS PENSION SCHEME. WELCOME TO YOUR GREGGS PENSION SCHEME. YOUR FUTURE. YOUR JOURNEY. October 2015 Legal & General working in association with: 2 WORKING HARD? ONE DAY YOU MAY NEED TO SLOW DOWN. What will the State Pension

More information

KEY FEATurES of LEGAL & GEnErAL S PEnSIon AnnuITIES.

KEY FEATurES of LEGAL & GEnErAL S PEnSIon AnnuITIES. PEnSIon AnnuITIES KEY FEATurES of LEGAL & GEnErAL S PEnSIon AnnuITIES. Helping you make the right decisions for your future INsuRANCe. savings. INVesTMeNT MANAGeMeNT. 01 Key features of Legal & General

More information

Homeplan Key Features

Homeplan Key Features Homeplan 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 Life, to give

More information

SIPP Key Facts. This is an important document which you should keep.

SIPP Key Facts. This is an important document which you should keep. SIPP Key Facts! This is an important document which you should keep. 2 Key Facts of the Alliance Trust Savings SIPP The Financial Conduct Authority is the independent financial services regulator. It requires

More information

TD Direct Investing A Guide to SIPPs

TD Direct Investing A Guide to SIPPs TD Direct Investing A Guide to SIPPs Introduction If you are considering investing for retirement, there are a number of ways to approach it. One way is to embark on the do it yourself (DIY) self investment

More information

Investing for income when you retire

Investing for income when you retire KEY GUIDE Investing for income when you retire Planning the longest holiday of your life There comes a time when you stop working for your money and put your money to work for you. For most people, that

More information

Annuity and approved retirement funds Your options explained

Annuity and approved retirement funds Your options explained Annuity and approved retirement funds Your options explained Contents 03 How can I access my pension fund? 04 What are my options? 05 Your options explained 08 How do I decide what my options are? 09 Annuity

More information

Elite Retirement Account TM

Elite Retirement Account TM Elite Retirement Account TM Key Features of the Elite Retirement Account The Elite Retirement Account (ERA) is a Self Invested Personal Pension (SIPP). A SIPP is a personal pension that allows you greater

More information

New Pensions Freedom. Giving people more confidence to save into a pension

New Pensions Freedom. Giving people more confidence to save into a pension FINANCIAL GUIDE A GUIDE TO New Pensions Freedom Giving people more confidence to save into a pension WELCOME Giving people more confidence to save into a pension Welcome to our Guide to New Pensions Freedom.

More information

Your guide to Annuities

Your guide to Annuities Your guide to Annuities From Standard Life It s good to know what s around the next corner 1 of 24 If you would like a secure source of income and have a built up pension fund or a lump sum to invest,

More information

Superannuation and Life Assurance Scheme. Members booklet 2008

Superannuation and Life Assurance Scheme. Members booklet 2008 Superannuation and Life Assurance Scheme Members booklet 2008 Contents Member Booklet 2008 Contents Introduction 3 Definitions 4-5 Leaving pensionable service If you are a qualifying member 12 If you are

More information

Key Features of the Prudential Savings Account Top Up Investment

Key Features of the Prudential Savings Account Top Up Investment Key Features of the Prudential Savings Account Top Up Investment Important information you need to read The Financial Conduct Authority is a financial services regulator. It requires us, Prudential, to

More information

PENSION ENCASHMENTS AND SMALL POTS ADVISED NON-GMP CASES

PENSION ENCASHMENTS AND SMALL POTS ADVISED NON-GMP CASES PENSION ENCASHMENTS AND SMALL POTS ADVISED NON-GMP CASES IMPORTANT INFORMATION Please read this section carefully before completing this application form. This form can only be used where you are taking

More information

A GUIDE TO YOUR SCHEME SAVINGS

A GUIDE TO YOUR SCHEME SAVINGS A GUIDE TO YOUR SCHEME SAVINGS AGILENT TECHNOLOGIES LDA UK LIMITED PENSION SCHEME Contents Welcome 3 The Scheme at a glance 4 The big picture: know where to start 5 Joining 6 Tools and resources at your

More information

Kingfisher Pension Scheme

Kingfisher Pension Scheme Kingfisher Pension Scheme Money Purchase Section SMART PENSIONS GUIDE The Kingfisher Pension Scheme Money Purchase Section (the KPS-MP) has been set up by the Company to help you save for your retirement.

More information

Online Fixed Rate Cash ISA Range

Online Fixed Rate Cash ISA Range Online Fixed Rate Range This document provides you with key information about s so that you can make an informed and confident choice about saving with a Skipton. s protect your savings interest from Personal

More information

YOUR COMPANY PENSION GROUP PERSONAL PENSION. A guide to help you prepare for the retirement you want

YOUR COMPANY PENSION GROUP PERSONAL PENSION. A guide to help you prepare for the retirement you want YOUR COMPANY PENSION GROUP PERSONAL PENSION A guide to help you prepare for the retirement you want SUPPORTING LITERATURE AND TOOLS TO HELP YOU MAKE DECISIONS ABOUT YOUR COMPANY PENSION LITERATURE Key

More information

KEY FEATURES OF YOUR BUYOUT BOND ILLUSTRATION KEY FEATURES. and Conditions, available from your financial adviser.

KEY FEATURES OF YOUR BUYOUT BOND ILLUSTRATION KEY FEATURES. and Conditions, available from your financial adviser. 00000 Old Mutual Wealth Life Assurance Limited is a provider of long-term life assurance. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential

More information

SIPP ISA Dealing Junior ISA SIPP benefi ts guide

SIPP ISA Dealing Junior ISA SIPP benefi ts guide SIPP ISA Dealing Junior ISA SIPP benefits guide Contents Introduction SIPP benefits - the basics Annuity, income drawdown and taxable lump sums the commitments and risks 3 Your benefits options Lump sums

More information

Key Features of the NFU Mutual Pension Annuity

Key Features of the NFU Mutual Pension Annuity Key Features of the NFU Mutual Pension Annuity Contents Who should buy this product? page 1 Its Aim page 1 Your Commitment page 1 Risks page 1 How do pensions work? page 2 What is a Pension Annuity? page

More information

West Midlands Pension Fund. A Guide. to the Local Government Pension Scheme for Employees in England and Wales

West Midlands Pension Fund. A Guide. to the Local Government Pension Scheme for Employees in England and Wales West Midlands Pension Fund A Guide to the Local Government Pension Scheme for Employees in England and Wales May 2015 About this Book The information in this booklet is based on the Local Government Pension

More information

Adobe Systems Europe Ltd

Adobe Systems Europe Ltd Adobe Systems Europe Ltd Group Personal Pension Plan Salary & Bonus Sacrifice Handbook 2012/2013 Salary Sacrifice A Salary Sacrifice is an arrangement by which you give up the right to receive part of

More information