- Joining the pension
Get the most from your pension
- Use the tools
- Boost your pension
- Approaching retirement
- Contribution options
- Your investment options
- Things to know about investing
- What are the charges?
- Check or change your investments
- Common questions
Benefits of company pensions
It's not just your contributions
When you join the DB (UK) DC Pension Plan, Deutsche Bank will contribute - putting money straight into your pension each month. And that’s on top of your salary.
You can contribute too and you'll also get tax benefits from HMRC.
You get this money invested from the moment you join, so every month you delay, you lose out on those contributions and tax benefits. This illustration shows you how things can add up. It assumes that both you and your employer are paying in. Your payment will also include basic rate tax relief where applicable.
This information is based on our understanding of taxation legislation and regulations in April 2019. The legislation and regulations can change. Your own circumstances also have an impact on tax treatment.
It's your pension
It's your pension, no matter what. It remains yours, even if:
- You move job
- The company you work for changes hands
If either of these things happen, you may not be able to keep making contributions into it, but you may be able to transfer it into another pension if you move on.
Although Deutsche Bank contributes towards your pension, they don't look after it - they forward your contributions on to Standard Life who administer your pension on your behalf. This means if anything happens to your employer, for example they change hands or go out of business, you won't lose your pension.
You're in control
You can choose how much to pay - as long as you’re meeting any minimum payment levels set by Deutsche Bank. And you may be able to increase your contributions at a later date if you want to - Deutsche Bank will be able to tell you when you can make changes and what restrictions there are.
It's worth thinking about this, as paying the minimum might not be enough to get you the lifestyle you'd like after you stop working.
When you join the DB (UK) DC Pension Plan, your money automatically goes into an investment option the Trustee and Deutsche Bank have chosen, unless you've chosen something different.
You can choose to leave your money there - or you can decide to move it into a different option you think will suit you better.
Where your money is invested is up to you. There are choices to suit your level of experience with investing and how involved you want to be with managing your investments.
Whichever choice you make doesn’t have to be final - you can change your mind about where your money is invested.