Your Uniform Pension Statement provides an overview of your pension details. You can see how much pension you’ve accrued. Or how much pension capital you’ve accrued. You can also see how much pension you’ll receive if you continue accruing pension with your employer. Or what has been arranged for you should you become occupationally disabled. As well as what has been arranged for your dependants should you die.
Tip: The ‘5 principle ingredients’ of your pension give you more insight into your income and expenditure after your retirement.
Precisely which pension scheme you are in is shown at the top of your pension statement.
If you have a gross defined benefit agreement, you can already see how much pension you’ll receive from us at a later date. If you have a gross defined contribution agreement, you won’t know how much pension you’ll receive from us at a later date. This is because you’re accruing pension capital. Using this capital we purchase a pension for you.
However, how much the pension is depends on:
- the value of the pension capital you’ve accrued;
- the time when you retire;
- the prevailing rates at which we can purchase a retirement pension and a partner’s pension for you.
This example pension statement provides a short explanation of the most important elements.
This example pension statement provides a short explanation of the most important elements.
