Your pension with us is a valuable part of your employee benefits and helps you to save for your future. Your employer will join you into our fund if you qualify.

From the day you join the scheme

Your pension builds from the day you join our fund. You’ll receive the following benefits straight away:

Employer contributions

When you pay contributions, your employer pays too.

Contribution flexibility

You can choose to pay more or pay less into your pension.

Tax relief

You receive tax relief on your contributions.

Death grant

We’ll pay a generous death in service death grant.

After 2 years of contributions

Once you've been paying into the scheme for 2 years, the following benefits also apply:

Ill health protection

If you have long-term ill health, we can pay your retirement benefits from any age. 

Voluntary retirement

If you leave your job you can choose to draw your benefits anytime between the ages of 55 and 75.

Flexible retirement

With your employer’s consent, you can take flexible retirement from the age of 55.

Redundancy and business efficiency

Your benefits are automatically released early on or after the age of 55 if you're made redundant or retired on grounds of business efficiency.

Secure pension

The scheme is set out in law, so we’ll provide you with a secure pension when you retire.

No risk

You pay a percentage of your salary with no hidden fees or charges. Your pension is a no risk investment and unlike a personal pension, it isn’t linked to stocks and shares.

Tax free cash lump sum

When you take your pension, you’ll have the option to take part of your pension as tax free cash.

Cost of living increases

Your pension payment is reviewed each April and increases with the cost of living based on an index set by the government.

Survivor’s pension

We provide security for your loved ones in the event of your death.