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How pension saving works

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

  • Your plan is set up for you by the Trustee.
  • Your pension savings are invested in one or more of our investment funds.
  • The aim of an investment fund is to grow the value of your pension pot but this isn’t always guaranteed.
  • You can decide what to do with your money, and how you take it from age 55, whether or not you’ve stopped working.

To help you understand how your pension plan works, take a look at the Pension Plan Booklet. 

Are there any charges for your new plan?

There are some charges that you pay for your Telefónica UK Pension Plan - the annual management charge (AMC) for administration of the pension and the fund management charge (FMC). The Trustee should have let you know what these charges are.

How your pension is invested >

Understand how your pension is invested and what you need to consider.

Easily plan your retirement >

Planning your retirement is probably the most important aspect of financial planning for you to consider. Our free course with The Open University will help.