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Reviewing your choices

Life's changes may mean that over time, your retirement goals or circumstances could change too. As life moves on, it's important that you review the choices you've made about your pension savings as well.

Are you paying enough?
Even if you can only afford to pay a little bit more at the moment, any extra contributions to your pension pot will help you build up your savings and give you the best chance of meeting your retirement goals. To change your contributions, contact your employer.

Are your savings invested in the right place?
How your pension is invested can make a big difference. So it's important to make sure you're invested in a way that reflects your circumstances and goals.

Look after your loved ones
If you want to nominate or change who your pension savings should be paid to in the event of your death, you can do that by filling in a Nomination of beneficiary form .

Think about your retirement age
Your retirement age under the pension plan is automatically set by your employer. You can change it at any time, you just need to get in touch and let us know. Remember, you don't need to take all your benefits at that time.

What do you think?

How much do you think you need to save each month to afford a comfortable retirement?

To give you some help when it comes to looking at how much you might need to pay in to your pension pot, there are two general 'rules of thumb' for saving enough each month to afford a comfortable retirement:
If you're under 30 when you start making contributions: 15% of your basic salary
If you're over 30 when you start making contributions, halve your age as a percentage of your basic salary
How much you save will always come down to individual affordability, but the above should give you an idea of what to aim for.

Manage Your Account

Keeping up to date with your pension savings is easy with our online service, Manage Your Account.

Investing your pension pot

Some of the things to think about, should you decide you want to make your own investment decisions.

Nomination of beneficiary form

Complete the online form to let us know who your pension savings should be paid to in the event of your death.

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