Joining the pension
- Will you be automatically enrolled?
- A simple guide to pensions
Get the most from your pension
- Use the tools
- Boost your pension
- Approaching retirement
- Payment options
- Your investment options
- Things to know about investing
- Check or change your investments
- Common questions
How much will you pay?
When you become a member of the Fenner Retirement Plan, you’ll pay in a minimum percentage from your pensionable salary every month. On top of this Fenner will also pay in a percentage of your pensionable salary. And you get tax benefits because your payments are deducted from your salary before tax is calculated.
You can stick with paying the minimum, but you should think about whether paying just the minimum will get you the lifestyle you want when you stop working. Ask your local HR/payroll department for more information about this.
Your payment options
You can adjust your payments and you can pay as much as you like up to the Government payment limits.
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.
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 Fenner Retirement Plan.
Read this outline for more information about the Standard Life Master Trust.
Complete this form to nominate beneficiaries for a lump sum death benefit payment.
This summary is to be read along with the Member outline document.
Read this guide for more information and the tax benefits and tax charges which can apply.
This document provides you with more information on how you can take money from your pension flexibly. For more information on the other options available please see your Member Guide above.
Read this guide for more information on choosing your investment options if you decide to take money from your pension flexibly.