Contribution options

How much will you contribute?

Deutsche Bank will contribute 10% of your basic salary (subject to a Company Earnings Cap) into the DB (UK) DC Pension Plan. You don't need to contribute but you should think about whether this will get you the lifestyle you want when you stop working.

Your contribution options

The DB (UK) DC Pension Plan Member Guide provides further detailed information on contributions.

You can contribute each month through myFlex and can usually pay as much you like up to the Government payment limits.

You can also contribute outside of myFlex, see the Member Guide for more information.

You will have the option to give up part (or in some cases all) of your pension contributions from Deutsche Bank in exchange for cash. This is called ‘Flex down’ and is subject to the maximum limits per Corporate Title as illustrated in the table below:

Corporate Title

Maximum limits for pension contributions that can be exchanged for cash from April 2020*

Cash received in place of Deutsche Bank pension contribution exchanged** (if maximum exchanged) 

Managing Director

10% p.a.

8.69% p.a.


10% p.a.

8.69% p.a

Vice President

10% p.a.

8.69% p.a

Assistant Vice President

5% p.a.

4.69% p.a


5% p.a.

4.35% p.a


5% p.a.

4.35% p.a

No Corporate Title

5% p.a.

4.35% p.a

*Percentage of fixed pay up to the Company Earnings Cap, £170,400 for the 2020/21 tax year.

** Cash received is lower than the Deutsche Bank pension contribution that is given up because Deutsche Bank incurs additional National

Insurance (NI) costs of 13.8% on cash payments.

Cash rates are shown gross before deduction of employee Income Tax and NI.

Standard Life is not responsible for the content of this table and all enquiries in relation to it should be directed to Deutsche Bank.

The Government has set a minimum amount that usually needs to be paid. The amount Deutsche Bank pays for members meets these minimums and usually exceeds them. To find out what the Government minimums are, visit the website.

What will I get back?

"Are you going to have enough in your pension to give you the retirement you'd like?"

Change your contributions

Keep up to date with your contributions and find out how you can change the amount that you're paying.


Your pension is normally a long term investment and you usually can't withdraw money until the age of 55 (may be subject to change). As with any investment, the value can go down as well as up and may be worth less than what was paid in.

Important documents

To help you make an informed decision we've provided you with important information that you should read. You should print or save copies of these documents for future reference.

Read this guide for more information about the DB (UK) DC Pension Plan.

Member guide (PDF, 727KB)

This document provides more details about the Standard Life Master Trust.

Member outline (PDF, 264KB)

The appropriate summary document (to your membership class) is to be read along with the Member outline document.

Plan summary – class A members (PDF, 260KB)

The appropriate summary document (to your membership class) is to be read along with the Member outline document.

Plan summary – class B members (PDF, 266KB)

Read this guide for more information on the different ways you can pay into your pension, and the tax benefits and tax charges which can apply.

Information about tax relief, limits and your pension (PDF, 99KB)

Complete this form to nominate lump sum death benefit payments.

Payment of lump sum death benefit (PDF, 87KB)

This form is used to request for the scheme to pay the Annual Allowance Charge.

Annual Allowance Charge form (PDF, 90KB)

Get the lifestyle you want

"How much should you pay to get the retirement you want?"

Manage your savings online

Check your pension value and investments easily and securely online