How the Plan works

Saving into the Plan is a simple, low cost and tax efficient way to save towards your future. 

• You’re included as a member of the Plan from when you start working at the bank.
• The bank pays 8% of your ValueAccount into the Plan each month, but you can pay more if you want, by updating your contribution percentage via NatWest Group Benefits.
• The money paid in is invested by the Trustees into the Drawdown Lifestyle unless you self-select which specific Lifestyle or fund/funds you want your Plan savings invested in.
• Our investment management business incorporates a responsible investing approach, considering environmental, social and governance (ESG) issues in its investment process.
• The earliest you can start taking your Plan savings is 55 ** - you decide what to do with your money and how you take it.
• If you are a former ABN Amro member you may have certain options on earlier retirement. Find out further information.

To help you understand how the Plan works, take a look at the Member booklet.

** Age 55 is the current minimum retirement age as at April 2021. This is subject to review and change by the Government at any time in the future.