Pension Scheme

Your pension plan holds your money . . . this is YOUR money invested in YOUR pension – it is as important as your bank account.

With the value of the state pension falling as a percentage of national average earnings, it is vitally important to provide for your retirement. 
Although there are a number of ways to fund for your retirement – a pension plan is still the most tax efficient. Don’t delay.

Click on the button above to open an account now. The earlier you start saving towards the retirement – the higher your income will be when you retire — delay can have a serious impact on the total value of your fund.

State pension scheme entitlement

You can get a State Pension forecast telling you in today’s money the State Pension you have already earned and what you can expect to have earned by State Pension age.

New Civil service pensions and stakeholder plans

The Civil Service has introduced new pension arrangements for all employees. These new arrangements give you more flexibility so that you can select one that’s right for your circumstances.

Classic — The old PCSPS renamed. This is only available to those who joined the scheme. Classic is a traditional occupational final salary scheme.

It pays a pension based on 1/80th of your final pensionable pay for each year of reckonable service, plus a tax free lump sum of three times your pension. You contribute 1.5% of your salary towards family benefits.

Classic Plus — A combined approach, open only to those joining.

Partnership — A new arrangement, available to those joining.The partnership pension account is a stakeholder pension, which is a type of personal pension.

Teachers’ Pensions

Teachers’ Pensions administers the scheme for teachers in England and Wales on behalf of the Department for Education and Skills.

Jar of coins with “Retirement” label