Your company Pension Plan is a way to save so you have money to live on when you’re older. You and your employer pay into the Plan. Then, when you retire, you get a regular income for life, as well as a tax-free lump sum. There are other benefits if you fall ill or die.
For a breakdown of your benefits, take a look at your benefit illustration. Watch the ‘How to find the most important information in your benefit illustration‘ video to find out more.
If you don’t know which section you’re in, contact the Helpline (contact details are at the bottom of the page); or If you recieve an Annual Benefit Illustration the section is noted on the front page.