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Saving Extra - 2006 DB Section
When it comes to planning for the
future, everybody's circumstances are different. Think
about what savings you have, how much you can afford
to set aside, and what type of benefits you want when
you retire.
Switching between the benefit tiers
You have the option to switch your benefit tier on 6 April each
year. Each year, around January, JLT Employee Benefits will write to all active members giving them the option to switch their benefit tier with effect from 6 April. If you switch tier, you must remain in your chosen tier until the
following 5 April.
Extra contributions (AVCs)
You can choose to build up extra benefits by making Additional
Voluntary Contributions (AVCs) on top of your normal Scheme
contributions. Paying AVCs can be a straightforward, tax-efficient
and cost-effective way to increase your Scheme benefits. Click here for further information on AVCs.
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Something
to think about
Contact an independent
financial adviser if you
want advice on your saving and investment options.
Review your savings decisions
regularly. Make sure you are saving
enough for the lifestyle you have in mind when you
retire.
What parts of my pay are contributions paid on?
Click here to see which elements of pay are pensionable, and which are non-pensionable.
This page updated 23 January 2012
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