Your pension has a lot to offer

Case studies

Scheme membership doesn’t just mean getting a pension when you finish work. It also offers a variety of benefits while you’re still working.

  • You and your employer both pay into your pension
  • Your pension contributions are tax-efficient - they’re taken from your gross salary before you pay income tax
  • You can choose where to invest your AVCs, or your main scheme contributions if you are in a defined contribution arrangement
  • You’ll get a pension for life and ​possibly a lump sum, which is currently payable tax-free, when you retire​
  •  Pensions could be paid to spouses, partners or children.