What do Tesco and I have to pay?
You can choose to save from 6% of your pensionable pay every 4 weeks.
Tesco will pay one and a half times your contributions of up to 10%.
You pay
Tesco pays
Total
6%
9%
15%
7%
10.5%
17.5%
8%
12%
20%
9%
13.5%
22.5%
10%
15%
25%
More than 10%
15%
More than 25%
If you want to save more than 10% of your pay you can, but the Tesco maximum contribution will be 15%.
What is pensionable pay?
Generally pensionable pay is all earnings apart from bonuses. Colleagues may receive some special payments, for example car payments, which are not included in the pay for calculating contributions.
Useful links
