Employer's Pensions
Your employer may offer a pension plan for you and make contributions to it on your behalf. These are usually considered to be a valuable element of your employee benefits package.
An employers pension arrangement will provide a pension for you when you retire from employment, and can also provide a tax free lump sum when you retire, or benefits to your family when you die.
Employers pensions are available in a number of different ways, such as Group Personal Pensions with insurance companies or “Final Salary” (also known as “Defined Benefit”) arrangements operated by the employer.
If you have any queries regarding your employers pension arrangement, you should consult your financial adviser.
