A group personal pension plan is a collection of individual pension plans, set up as a group - one of which belongs to you. Because it's set up in this way, you benefit from lower charges than those you might pay if you set up a plan on your own.

Setting up a plan is easy: there's no need to set up a direct debit or send cheques. Your payments come directly from your salary and sent to the pension provider, along with any payments from your employer. We invest them for you into investment funds until you start taking your pension benefits. At that time, your pension will start paying you a regular income, which will continue throughout your retirement.
Tax benefits

The Government offers generous tax advantages to encourage you to save into a pension:

• The payments you make benefit from tax relief. So each time you pay into your plan, the taxman also contributes
• If you're a higher-rate taxpayer, you can claim additional tax relief
• Your savings grow in a tax-efficient fund
• If you die before you start taking your pension, it can be paid as a tax-free lump sum to someone else, specified by you.

Investment choice

Accessing your pension

You can start taking your retirement income any time between the ages of 55 and 75. 

Tailor your pension

You can choose from a range of options to help tailor your pension benefits to your needs. For more advice on group pensions, contact us today.