Our WorkSave Pension Plan is a group personal pension with the option to offer self investment if required. The plan was designed with the collective needs of an employer's entire workforce in mind.

  • Simple, efficient way to enrol members and pay contributions
  • Charges tailored to suit your circumstances
  • A default investment for auto enrolment
  • Strong investment proposition offering access to over 100 funds
  • Ability to operate a salary sacrifice arrangement
  • Flexibility to offer a more tailored solution:
    • A more streamlined range of investment options
    • Self investment with access to the open market
    • Ability to transfer shares from employer sponsored share savings schemes

Members' benefits:

  • Access to a wide choice of investment options:
    • own funds, including multi-asset, index-trackers and actively managed funds
    • funds from specially selected external fund managers
    • range of lifestyle profiles and target date funds
  • Allows members to invest in a wide range of assets, including shares from their company share schemes
  • Online access with the ability to view their savings, change funds and update their personal details whenever they want, in the years before they start accessing their pension pot
  • A range of online member education and other useful tools to help manage their workplace pension
  • Access to the adviser charging service that enables members to meet the cost of professional advice from their pension pot
  • Ability to take their pension plan with them, if they change employer

Flexi-access drawdown:

  • £30,000 minimum pension pot before PCLS, for monthly income
  • £100 minimum income per month or £2,000 minimum ad hoc drawdown
  • An initial set up charge of £250 is payable for taking a monthly income

Cash lump sum:

  • Full - 25% tax free with 75% as taxable income
  • Partial - £2,000 minimum. 25% tax free with 75% as taxable income

Annuity:

  • Yes - from any chosen provider

Transfer out:

  • Yes - member's pension pot can be transferred to another pension provider to access their retirement options