Overview of benefits

Your benefit entitlement is a valuable package that can help you get the most out of retirement and help protect you and your family.

The package includes:

  • a pension payable in retirement - which is based on your salary and length of service with the Company;
  • an opportunity to take part of your entitlement as a tax free lump sum;
  • the provision of death benefits (including a spouse's pension) should you die before taking your pension;
  • ill health cover;
  • the Company contributes to your entitlement; and
  • you receive tax relief on your contributions.

You can find out more about the pension benefits available to you in the Scheme booklet.  You can obtain a copy of the Scheme booklet that is relevant to you by contacting the Scheme Administrator, XPS.