- Joining the pension
Get the most from your pension
- Use the tools
- Boost your pension
- Understanding investments
- Approaching retirement
- Payment options
- Investment choices
- Common questions
Advantages of company pensions
It's not just your payments
When you join your Faithful + Gould Personal Pension Plan, you may get tax benefits on any payments that you make. Faithful + Gould will make payments - putting money straight into your pension. And that's on top of your salary.
You get this money invested from the moment you join, so every month you delay, you lose out on those payments 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 2021. 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
You may be able to carry on paying into it, change your investments - or even transfer it into another pension - if you move on.
Although Faithful + Gould contributes towards your pension, they don't look after it - they forward your payments on to Standard Life who administers 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
When you join, payments start at a minimum level, and you can choose to pay more if you want to. It's worth thinking about this, as the minimum might not be enough to get you the lifestyle you'd like after you stop working.
When you join the company pension, your money automatically goes into an investment option Faithful + Gould has chosen, unless you've chosen something different.
You can choose to leave your money invested there - or you can decide to move it into a different option you think will suit you better.
Whichever choice you make doesn't have to be final - you can change your mind about where your money is invested.
Investments can go down as well as up and you may get back less than you paid in.
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.
This document explains the features of the product.
This document gives you an illustration of what your pension could be worth.
Read this guide for more information on your investment options, including details about charges and fund codes.
Read this guide for more information about how pensions work.