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UPM UK Savings & Retirement Plan

Opt In Form

Your request will be processed in the payroll month after you have submitted your application.

Personal information (you must complete this section)

Your contributions

Member contributions:

Your contribution (%)

Employer contribution (%)

3%

4%

5%

Over 5%*

6%

8%

10%

10%

Please select from the dropdown menu below to confirm what you would like to do with your contribution rate.

*You can contribute more than 5%; however the Company will not contribute more than 10%. If you wish to make an Employee contribution in excess of 5%, please complete the AVC section below.

Your Employer will make the adjustments from the next available date.

Initially, contributions will be invested in the default investment choice of the scheme. You can change your investment choice after joining the scheme, by registering for 'Manage Your Account'.

If you are a member of the former UPM DC Scheme with legacy DB benefits, please contact your local HR Business Manager.

Additional Voluntary Contribution

You can pay an Additional Voluntary Contribution (AVC) on top of your chosen contribution rate each month. This can be a fixed monthly amount or percentage or a single lump sum. If you wish to pay AVCs in addition to your chosen contribution rate, select the relevant drop-down box and enter your preferred AVC.

Default Investment Option

When you first join the Plan your contributions will be automatically invested in the default option (Target Date Fund).

You can select alternative funds and switch your investments any time after your first contribution is paid.

Declaration

  • I authorise UPM to arrange for me to join the above pension plan and to pass any information about me, which might reasonably be required to Legal & General Assurance Society Limited.
  • I wish to pay the contributions as indicated above and understand that UPM will reduce my monthly earnings in return for an additional employer pension contribution – this is known as salary sacrifice. Total monthly contributions will be forwarded to Legal & General Assurance Society Limited.
  • I understand that salary sacrifice is when you give up part of your salary in return for a non-cash benefit from your employer, in this instance it’s my pension.
  • I understand AVCs will not be eligible for matching contributions from the Company.
  • I understand that my future contributions will be invested in the Target Date Fund until I advise otherwise.
  • I understand my retirement age under the plan will be 65 unless I advise otherwise.

Please note: you can change your investments and retirement age at any time through Legal & General’s Manage Your Account service following confirmation of your membership.

Online signature

Complete an 'online signature' by entering your full name and today's date in the boxes below before submitting this form.