It’s important to plan for your retirement as early as possible and track whether your retirement savings are on course to give you the income you want once you stop working.

You and the Company both pay into your personal account and those contributions are tax free (up to certain limits known as the Annual and Lifetime Allowances). You can find out more about the contributions that you and the Company make on the ‘Your contributions’ page.

If you’re already paying the maximum normal contribution rate you can top up your retirement savings by paying additional voluntary contributions (AVCs). See the Saving more page for further information.

As a member of the LifeSight Master Trust, you choose which funds you’d like to invest your pension contributions in from the range the Trustee has made available. You can learn more about investments by logging in to your LifeSight Account.

If you die whilst you’re a current employee, a lump sum of four times your pensionable salary may be paid to your beneficiaries.

Find out more on the Expression of Wish page.

If you pay pension contributions to the LifeSight Master Trust you are automatically covered by the GIP Scheme which is designed to pay you a proportion of your salary if you are absent for a prolonged period due to illness or injury.

The cost of the scheme is deducted from the Company contributions paid into the pension scheme on your behalf.

This leaflet summarises the GIP scheme.

You may be able to transfer benefits you’ve built up in another pension scheme into your LifeSight Account. To find out more about this option, please log in to your LifeSight Account.