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  • Frequently Asked Questions - Automatic Enrolment 1 Understanding Pensions

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    vidhyaa1011
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    Bunzl plc provides employees with a personal pension plan that uses both employee and employer contributions, as well as government tax relief, to build individual retirement accounts. These accounts are invested over the employee's career to help savings grow. At retirement, the accumulated savings can be used to purchase a retirement income. The amount received depends on total contributions, investment returns, fees paid, and the type of retirement income chosen. Employees can transfer their pension savings if changing jobs to a new employer's plan, but are advised to consult a financial advisor when making transfer decisions.

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    Pension Questionaire

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    Pension Questionaire

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    Bunzl plc provides employees with a personal pension plan that uses both employee and employer contributions, as well as government tax relief, to build individual retirement accounts. These accounts are invested over the employee's career to help savings grow. At retirement, the accumulated savings can be used to purchase a retirement income. The amount received depends on total contributions, investment returns, fees paid, and the type of retirement income chosen. Employees can transfer their pension savings if changing jobs to a new employer's plan, but are advised to consult a financial advisor when making transfer decisions.

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    © All Rights Reserved
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    Sinalizar o conteúdo como inadequado
    34 visualizações1 página

    Frequently Asked Questions - Automatic Enrolment 1 Understanding Pensions

    Enviado por

    vidhyaa1011
    Bunzl plc provides employees with a personal pension plan that uses both employee and employer contributions, as well as government tax relief, to build individual retirement accounts. These accounts are invested over the employee's career to help savings grow. At retirement, the accumulated savings can be used to purchase a retirement income. The amount received depends on total contributions, investment returns, fees paid, and the type of retirement income chosen. Employees can transfer their pension savings if changing jobs to a new employer's plan, but are advised to consult a financial advisor when making transfer decisions.

    Direitos autorais:

    © All Rights Reserved
    Baixe no formato DOC, PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    de 1

    Frequently Asked Questions - Automatic enrolment

    These Frequently Asked Questions have been designed to help you understand how
    employees of Bunzl plc and its subsidiaries are affected by automatic enrolment.

    1 Understanding pensions
    What is a pension plan?
    A pension plan is a way to save for retirement. Bunzl provides a personal pension plan (a defined
    contribution plan). This means:
    When you join, you get your own account. Both you and Bunzl save into this account. The
    Government will also contribute by giving you tax relief.
    The money that you have in your account is invested to help it grow (you choose where).
    When you retire, the savings in your account can be used to buy a retirement income.
    How much will you receive in retirement?
    How much you receive in retirement depends on:
    the amount of contributions that go into your pension plan;
    how well your investments perform while youre a member of the pension plan;
    how much you pay in fees; and
    the cost of the retirement income you choose when you take your benefits.
    What happens if you change jobs?
    You can move the money in your pension plan into another registered pension arrangement. This
    could be your new employers pension plan.
    We recommend you seek financial advice before making transfer decisions.

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